does the k47 have a prefilter on it? i know when i got my Wix heavy duty flat panel filter it had a pre-filter that was some form of black foam.
I have purchased both the 'regular' filter, and the 'severe duty' filter from the dealer. The 'severe duty' appears to be a regular filter with a nylon pre-filter surrounding it. It is rather restrictive. I ran one for several months, and noticed my fuel economy sink by a couple miles per gallon. Also, when accelerating or under heavy load, it would produce black smoke, which is indicative of insufficient air, or too much fuel.
I then switched over to a K&N, and the black smoke went completely away. I also picked up a couple miles per gallon. However, the testing reports indicate that K&N lets a lot of silica (dirt) into the engine.
I have since read all the reports, including the famous "Spicer" test reports, and have gone back to the stock GM filter. It appears to have the best balance between efficiency and air flow.
The K47 housing is simply a 'little' bit bigger to allow mounting of the 'severe duty' filter. I don't think you'll find much of a difference in air flow, if any.
If I were changing my air filter housings, I would consider the following:
1) Retrofit a LARGE filter, from a larger truck (Dmax, Pstroke, Cummins, etc.), to increase the overall CFM capacity of the filtration system. Having a much BIGGER filter will help a lot, since you'll have increased efficiency AND airflow. I would experiment with the largest filter that can be easily found and figure out how to shoehorn it in there.
2) I would build my own cold air box out of sheet steel.
3) I would buy side vents (ala ChevyDave) and put real air vents in the fenders to allow for a much shorter distance from outside air to the filter.
I would NOT suck air from the engine bay - it is too hot in summer. I would NOT put a K&N filter in - it lets too much dirt by. I would NOT spend massive amounts on the cold air intakes out there.
-Rob