well...colder air=more power.
the question is, does the fenderwell intake flow good enough to justify bringing in the cold air?
the more bends, the more restriction. and by the time the air gets to the engine bay, will it be just as warm as a hai?
either way itll only be like 1whp difference between the two, unless you get down to a 2.8 pulley on a gen V, it wont matter that much.