Hmmmmm... . I really doubt that that is the issue. I think that is more marketing hype than anything. Sure, it may drop EGT a few degrees, but not enough to correct the OP's problem. As an example, I still run my truck's power through the original catalytic converter, and I'm probably pushing over 500 hp at the wheels with no EGT issues.
Try the free stuff first, clean your intercooler exterior and radiator first. You may find a lot of muck in there restricting airflow through it so it isn't cooling your incoming air. Next, swap in a new, stock air filter and try that out. Also, swap your fuel filter. I would recommend doing each step and testing afterward, so you can pinpoint if/when your EGT drops. If all that checks out OK, perform a pressure test on your intercooler. That involves disconnecting your boost boots before and after the intercooler, sealing them off with something ( I used pvc pipe fittings on my big work trucks), and pressurizing them to about 30 psi and checking for leakdown. Beyond that, I'm not sure, but there is no way that a proper running Cummins should generate dangerous EGT stock. They are made to run full power all day.
Also, when you have your boots off, check to see if they are oily inside. You may have a case of oily residue feeding into the intercooler, again not allowing the outside air to cool your air charge.