Removing horizontal muntins from 1950s split pane windows

Is it DIYable? Yes. No. Maybe?

You may find that you start the job, everything works out just right, and you complete the work in record time and under budget. More likely, you'll run into a bunch of unforeseen problems, take 5 times as long as you'd expect, and end up way over budget.

The best way to tackle DIY work that you are not sure about, is to have the resources available to quickly fix mistakes. In your situation, it might be a good idea to purchase a replacement window before you begin. If you damage the old window beyond repair, you'll simply have to install the new one. On the other hand, if the repair works out, you can return the new window you purchased.

It also never hurts to have somebody with knowledge in the type of work you're doing, so if you run into trouble they can offer guidance.

If you come across something you are really not comfortable with, there are always professionals available to do the work for you. You might also be surprised that they charge less than you might think (not always the case, but does happen).

Single glazing with storm windows absorbs sound reasonably well, I would not expect a huge decrease in sound level with triple glazing, but certainly not an increase. Single glazing alone is another story, it's sound absorption is terrible.

The increased sound is certainly due to the frames and adjacent construction. While there is often a correlation between thermal loss and sound transmission, sound is much trickier to manage well. It is sometimes counter intuitive. The construction joints must be carefully detailed. The general concept is to avoid any solid connection between inner and outer surfaces. Any connections should be via resilient, absorbent materials. Typically, you want to fill any voids with sound insulation, though in some cases this has been worse than a simple air gap.

Also consider exterior sound attenuators. Walls, fences, trellises, large shrubs, trees, berms all will help attenuate sound, but when you consider cost vs. benefits, such measures need to be carefully considered.