Looking at the pic, I definitely think it is doable. Those appear to be 4"?
Anyway, go to the thread link I put in post 331, look at Bradz photo of his downturns in post 29 on there for what your outside two should look like. As he says, he blew up motors trying to make mufflers work on high horsepower motors. Because of your drive configuration, you don't have the room to do like Seadated posted in #34 on that thread. However, it looks as if you can do a single downturn in the center that would be the oval version of a single 6" tube. A 4" diameter circle has 12.6" of volume. A 6" diameter circle has 28.3" of volume. So, a single 6" stainless tube downturn, smashed oval so it sticks out the same amount from the transom as the outside 4" downturns, should be perfect. The collector to go from two 4" to a single oval 6" should not be that hard to do. I would also inject water into the tubes about halfway down. That will keep it tolerable when you're not going slow enough to have the tips underwater.