+1 ^^^
Cold air intakes were first used for carbs that sat in the middle of the engine bay, and their air filters sucked in warmed air from inside the engine bay.
The reason you want colder air going into the engine is because it is slightly denser than warmer air, i.e. "hot air rises", so hot air is lighter than cold air, less dense.
The air:fuel ratio for gasoline is 14.7:1, this is a WEIGHT RATIO, not volume
For each 14.7 POUNDS of air you can add 1 POUND of gasoline.
And since colder air is heavier............you can add more fuel so get more power.
This fact was not lost on the car makers, when fuel injection was starting to be used there was no carb stuck in the middle of the engine bay so they had to redesign the air intake system, why not take advantage of this cold air intake, they did.
Every car/truck made from mid-1980's on that had fuel injection(including ALL Rangers), also had a Cold Air Intake(CAI)
They even have an IAT(intake air temp) sensor to take advantage of colder air.
Just look at the current air intake system on any vehicle, see where the air filter is getting it's air, follow the air tubes, if it is from outside the engine bay then it is a Cold Air Intake, and Rangers get the air from just behind the front grill, so when driving it would be a RAM---cold air intake, lol.
If it is sucking air from inside the engine bay then it isn't an CAI
So yes, save your money if you were doing this for performance reasons.
For looks and sound, with slight loss of performance, then go for it.
And in that case whatever "looks" the best to you would be "the best" for you to use