I blow mine right out the side, no restrictions and yes I'd like for the grass to be mulched a little bit (cut more than once) before being shot out the side.
I wonder if the 18-3/4" X 5/8" TORO BLADE ( Toro 115-9650-03 ) you are speaking on would work on mine (Toro TimeCutter MX 5475 with 54 Inch Deck)
The parts list shows mine is supposed to be a 115-2454-03 Blade, but I don't see yet what the dimensions are