I bought an aftermarket muffler from Huztl for one of the saws and it already had more holes drilled around the baffle compared to a stock one.Open that muffler up!
If you don't want a lot more noise, just open it right up around the outside of the baffle, and try and get a drill in to open up the holes in the baffle that lead to the inside of the muffler body.
Once you get the air flowing better, I will recommend Terry's 460 carb mod.
It really makes the 039 cut like a 64cc saw should cut!