Here's K&N's claim to horse power: the K&N Filtercharger® was a true design breakthrough in air filtration technology. Today, it still is. Because K&N's Filtercharger® can actually double air flow, which, in turn, adds up to 15 extra horsepower.
Unless you got yourself a free-flowing V8.. You ain't getting any 15 HP increase. :) Expect 5 HP max from your K&N. This is a cheap upgrade and I recommended it to anyone. My filter is the 3rd from the right. A cone, cold-air intake is in the works for my engine.