It is a PA50I is variated, but you are going to have to make some changes to make it quick.
The reed block is really restictive on the PA50I, so you will need to replace that. You can either replace with a PA50II reed block, or you can dremel out the reed block and replace the stock reed with a sheet of carbon reed material. Then you will need to find a PA50II carb, or replace with somethings else. There is not a whole lot of point to going with the PHBG unless you are going to kit the bike. I have it and like it, but it is a pain to tune the carb, because of the placement. It would be easier in the long run and cheaper to run a carb out the side (a normal PHBG). do a search for that.
Next you will need to change the ramp plate on your variator. The interior of the variator is the same, but the ramp plate on the PA50I is designed to go 20 MPH, so you will have to replace that with a PA50II ramp plate.
Now you can think about exhausts. Do not get the jamarcol, if you want to kit the bike. It will be OK for a stock cylindar, but will be really restrictive for a kitted bike. What till Benji gets the proma circuit back in stock, or find a proma/veo vince from the Buy/sell forum.
Best use of your money is a circuit pipe and a kit. The DR and the malossi are both good and inexpensive.