Just a couple of thoughts,
When I was working at Donaldson we tested the K&N filters for performance against fine dust, we were in the business of protecting off road diesel engines so the interpretations were skewed that way. Most of the engineers agreed that the K&N style filters were not up to that job, but what is that Job?
- Modern Diesel engines will be damaged by dust particles over 2 micron in diameter, so its not just the volume of dust that passes the filter but its size as well.
- Modern gas engines will tolerate dust particles up to 5 microns in diameter. Much larger particles because the tolerances in the engines are less stringent.
The original oil bath filter on the Jeeps is the same in concept and design as the one that Donaldson put on the M4 Sherman tank during the North Africa campaign of WW2, to solve a problem with dusted engines.
I was able to find a performance book at NAPA for K&N filters, I checked the data for my 97 Cherokee sport, it showed that I could expect a a 10 HP performance improvement at 6000 rpm. Much less at lower rpm. I have not seen that book recently, it may still be available from K&N or NAPA.
If these pleated filters do actually perform as good as the oil bath, then they should not cause a problem for the engine as I would suspect the L134 is probably more dust tolerant than newer gas engines. I would want to protect it from rain and damage. Keep in mind if you look closely at the housing and mounting of the OEM Oil bath you will see how the the air must go through a treacherous path prior to entering the air cleaner, this is to shed heavy dust and rain particles, once inside the air cleaner the air makes a 90 degree turn, goes straight down and then reverses course 180 degrees to get to the mesh screen, again methodology to eliminate dirt using gravimetrical energy.
No conclusions, Just the ramblings of an old guy.