Ian why do you need to silence a twin vac porty

Do you normally use it inside the house? Or just to generally be more discreet?
I remember a little bit from what they taught me at school, about energy. Your machine is turning electrical energy into kinetic (movement) energy. Kinetic energy is then turned into sound energy as a by-product. Making restrictions such as silencing the exhaust will lower the performance of the machine. There isn't a great deal of energy there to start with so it will have an impact on performance.
Insulating the inside, I think you've answered your own question on that! The inside of the machine is designed to allow air to flow around to cool the components, you'd be having lots of pump and vac failures if you padded the inside I think.