The first photo is what's referred to as a 'dog bone' filter (Holley 64280 Powercharger is the usual variant), in street motor testing with a riser plate and larger filter elements (like in the photo) on the end it didn't lose any HP and is perfectly adequate for your average street motor. In the video these guys are chasing 750HP and yes at those air volumes the filter is going to make more of a difference.
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