I have a 2001 2.9 that is creating P0422 and P0432 codes (main catalyst efficiency below threshold bank 1 & 2), but is otherwise running fine. It doesn't feel low on power, I don't smell anything unusual, and whacking the catalytic converters with a wrench doesn't create a rattling sound. The car has about 175k miles.
Today I used a infrared thermometer to measure the surface temperatures before and after the converters. The ambient temperature was about 75 F. Before the two initial cats I read around 315 F. I read about 285 F after the first two cats, and about 275 after that. Below is my best Microsoft Paint diagram of where I measured. My car has the two upstream and one downstream converters.

To me, this says I should replace the catalytic converters and oxygen sensors. Is this a reasonable diagnosis?






