In the sintering process the part is no longer in a mold. The mold is only used for the intial shape which is roughly 40% larger than the finished product. It is 'green' and still has binding agent in it.
(If you sinter a muffin at 1800+ deg it will indeed be one texture.)
Baking muffins aside, you can grind, polish, coin (cold deformation), tap, drill, plate, weld and machine MIM parts.
If you add too many steps though, you risk defeating the purpose of using MIM in the first place - reduction of steps and scrap.
Reducing the number of labor steps by using MIM, then adding steps costs more $$$ and adds material to the scrap pile. If you're not making thousands of parts (or hundreds of thousands) you might as well just machine it or cast it (if applicable) and not have to pay to run the ovens or for the mold to be made.