I'm sure [MENTION=3805]Tune+[/MENTION] will be able to explain it better, but basically, due to the small size and quick spoolling nature, decreased backpressure from an increase in exhaust piping diameter does not translate to the same type of gains you would see on a "normal"turbo car, ie one that takes more time to spool but sustains that boost pressure until redline.
Our small turbos hit peak boost before 4k rpm and then tapers down as it approaches redline. A normal turbo car hits peak boost much later and usually maintains that boost all the way to redline. It's physics in the differences is the compressor wheel, housing size etc. In this type of turbo application, reducing backpressure by increasing piping diameter allows this slower spooling system to work more efficiently and hence increase power. With the small turbo in the Fiesta, the flow from the stock downpipe is not inhibiting the turbo efficiency since the spool characteristics are not like that of a bigger turbo equipped vehicle.
It's like the hotdog in a hallway metaphor. The stock downpipe is already matched well with the stock turbo, that it shouldn't need upgrading until you do modified or big turbo. By swapping the downpipe on the stock turbo, you will get quicker spool, and you'll get it right away. This translates to a sharp spike in low end, immediately available torque that the Fiesta is known for. However, this comes at the sacrifice of top end power since the already quick spooling turbo is hitting peak boost sooner and "running out of steam" ie becoming more inefficient as rpms increase.
Until you upgrade the turbo or swap it out, you'll see better performance with the stock downpipe. Me personally, I absolutely love the sound a catless downpipe and exhaust combine to produce on the Fiesta, and I didn't mind the reduced top end performance over the incredible sound. That being said, I'm going with cyborg modified turbo upgrade, where the benefits of the high flow will be taken advantage of.