the small diameter is usually to maintain low end torque (A slight venturi effect)
on a small size engine, you mat well gain some top end but usually by the loss of bottom end flexibility.
try just removing the std element completely for a quick trial (you will need to remove and thoroughly clean the airbox assembly though or you will draw crap into the intake manifold..
if you notice an improvement, then consider a filter change.. but as I said, most modern filter elements are superb, nothing like those of 10 -15 years ago.
the effect of fitting a cone filter could be made by removing the present intaske (narrow) pipe, and fitting a larger cold air feed after opening out the hole in the airbox.. (it would work just as well as an induction kit too.) - ie - give more noise, maybe a sllight (very slight) top end improvement and a loss of flexibility...
Most driving is not at full throttle, so you often end up with less overall response and drivability.. again, depends on what you want...
Contrary to popular belief, the induction system goes through loads of development (by the manufacturer) to achieve the best all round results, (Noise, filtering, fuel consumption and response) if you want to change something, then kewl, but be prepared for losses elsewhere.
Induction noise is a funny beast, like exhaust noise (and, Noise dont automatically equal power at all !).. it might sound good for a week or so, but may well get on yer tits after that..
there is an intersting argument that goes like this
car A has an induction kit
Car B doesnt (Same make n model of car)
which is quicker if car A has gained a whole 2-3 bhp at the top of the rev range ??
Answer, probably car B, cos in their haste to quote apparant improvements, most add on suppliers fail to show coresponding losses at other areas...
J.