K&N filters are well known for being unrestrictive, but they also let in a lot of crap by all accounts. There is a well known test online somewhere with obvious results from different cone filters (which use the same materials more oless as panel filters).
Performance wise, neglegible. An engine wants nice cool torrent-free air into the filter to see any minute gain. The value of these drop-in filters is mainly the maintenance value that you don't need to replace them every year as they can be washed.