Well, after some digging, I have not found any solid data on this debate. Funny thing, search air intake debate on google and just about every major auto forum has this same topic....
The consensus is more cold air, duh right? I've been checking the Australian forums and as well as the Jbody forums, some of the searches are aggravating.
Kenne Bell strongly disapproves of open cones, simply because of heat. But I know that is more than a warranty issue than anything.
All these new Camaro S/C kits either use the factory airbox or a cone mounted in a box similar to what we have available. I'm just going to say that if they can make 650 hp with a cone in a box I don't see the problem with our setups. I have no data to back this but I'm trying.