CEL=Check Engine Light
Have you had the computers code diagnosed? It'll tell you in which system the problem lies.
A test pipe won't make you lose power or damage your car at all, it only damages the atmosphere. But if your car has a bad o2 sensor, it'll run rich and that will make you lose a little power. An easy fix would be to just put an o2 bung in your test pipe and put the normal o2 sensor back in. It'll only cost like 20 bucks or so at a weld shop/exhaust shop to have that done, you know, if you take the test pipe off the car first and can then just hand it to them. You MAY have a problem getting a shop to do it for you, since test pipes are illegal, but It'll fix your problem if it is in fact the problem that's causing the CEL.