What is wrong with your lower engine steady? Has it broken its bracket in the front subframe cross-member, perhaps? That is easily repaired by welding, and I always fit a second bracket, on the other side of the bush, so the bolt is in double shear, not loaded in bending. The brackets never, ever break again once that is done. Later subframes had a thicker single bracket, which reduced the incidences of fracture, but was not the correct answer to the problem.
Ot has it broken the bracket on the gearbox? That was also thickened, possibly around 1980 (I have had Minis with the thin and thick versions), and the newer one "should" be ok, but it is thick metal, and easily weldable by MMA, not needing anything as delicate as MIG. It is easily changed anyway, but had to be thickened yet again in 1990 for the 1275 engine, and I suspect that it may still fracture occasionally.
.You do really need the lower steady, as without it, not only will the exhaust knock, but also the gearchange rods will be distressed, the main engine mounts will have a short life, and excess engine movement may cause chafing and damage to the starter cable and other things.
If you have a pre-1976 Mini, with rearward-facing steadies, I would suggest updating it to the forward-facing type, as it does work much better, but not if someone has added a second top steady at the radiator end, as the lower steady then does not react the torque properly. Throwing more and more steadies at the engine is what some people seem to do, encouraged by certain aftermarket suppliers whose engineering expertise is highly suspect and who want to make a fast buck, but in most cases a road car is fine with the 1978-on lower steady.
See here for the various parts:
http://www.somerford...age=page&id=121