The K&N is less restrictive. The difference is that it doesn't have the super fine filter paper like most, instead it uses wires as a frame for less restrictive (then paper filter) cloth and then the cloth is coated in oil in order to grab the finer particles going through. I use a K&N, I don't think you will feel an improvement but I'm sure it helps the engine breath easier.
2001 Ironman Daily Driver... 3.5" suspension lift (OME912 springs and 1" spring spacer), ball joint flip, 1.5" front diff. drop, 33"x12.5 TrXus MT, 16x10 Eagle Alloy rims, Interceptor, PV muffler, K&N air filter, Alpine Supercharger, Bilstein shocks, and some trimming.
2000 Ironman Project LS-1 VX... very slow progress but someday....... ohhhhh someday......