One of my riding buddies put CFRs on his otherwise-stock RGU (not a 2017, of course). It then had the deep sound that's typical of the CFRs, and was slightly louder than stock---not at all the loudness that comes with a non-cat header (on a different guy's bike with true duals + CFRs).
My guess is the CFRs on your bike won't be nearly as loud as you like, since the cat on the M8 seems to be very restrictive. As you noted, the new baffle barely increased the sound level, and others have reported the same result with other slip-ons. On the plus side, adding the CFRs shouldn't affect the performance, will probably give the deep bass they are known for, and they
might give a little more volume.
And yeah, it's going to take a non-cat header to get the volume you like. I wonder how a good 2:1 header with one CFR muffler would sound?