Can 1996 Honda Accord run okay without catalytic converter?

Someone cut mine out and stole it. Assuming it is legal to do so, can I straight-pipe to the muffler? Will the car run correctly? I m hesitant to put another cat-converter and have it stolen again.
Update: Obviously it is illegal to remove a cat-converter. Legally driving without one depends on where you live.
10 answers 10