Thing with a high flow filter is they flow more consistently over time, compared to a paper filter that, when first installed, may be of barely adequate CFM rating for your engine's demands, but as it gets loaded with dirt, will flow considerably less. A cotton gauze filter actually uses the dirt as part of its filtering ability without sacrificing flow.
Many cars, like my own, have horribly restrictive OEM airboxes, and ridiculously small paper elements, that may be good when new, but performance degrades quickly when they become dirty.
If your particular vehicle's airbox/filter has sufficient flow for your engine's (or your foot's) demands, then you'll gain nothing by changing it. However, if you're like me, and optimum rather than adequate performance is what you're after, then you should possibly explore other options.
EDIT: As far as them making 0 HP, our 1/4 mile numbers don't lie...Nearly every ClubGP member that has installed some sort of aftermarket intake (or even just gutted the OEM box and installed a K&N drop-in filter) has picked up at least one tenth, sometimes more, consistently at the track. To prove this gain, the times were reduced equally when changed back to the stock airbox and (new) paper element.
Racer's rule of thumb: 0.1 sec = ~10 HP.
[ February 12, 2005, 07:18 AM: Message edited by: GT Mike ]