I'm a bit torn.
I have the KKM with an AFE filter, I switch to this setup in the winters. Heatsoak KILLED me during the summers, just was losing too much power and consequently, killed my water pump (was due for replacing) after I got my DMD installed because the engine bay was a lot toastier with me keep those smooth rev's at 5k+ all the time. With I did notice: the AFE filter was BROILING all the time, even in the winter, the engine bay is just hot.
What I use in the summers here in Houston is a KN drop in. I've had it, so I never bought an AFE drop in, I don't know if there is a difference in performance between the two, it's just that AFE filters are better at filtering and you could justify longer intervals between oil changes. BUT, today, I actually switched back to the stock KN filter with the stock cover assembly. Let me tell you, there just is a difference.
The open filter is phenomenal, but the heat soak screws you, and I "feel" (hence my subjective opinion from driving around) that the heat soak actually minimizes if not takes away from any hp you'd possibly get. 1314, another CEG'er in the Houston area, dyno'ed and showed a LOSS in power with the open AFE filter. SO, in my humble opinion, if you live up north and temp's don't get BEYOND 40F, open filter WILL HELP TREMENDOUSLY.
If you have temp's anywhere beyond 50F, heatsoak will negate the effects, and I would then recommend an AFE drop-in alternative.
Suneil