Nearly got caught in the shiney thing symdrome a little while ago and almost bought the AFE Induction kit, it's the one and only time I have managed to avoid Z4-itis, it was hard and the side effects of the tablets, well lets just not got there
The only advice I can you mate is bike related but may well carry over.
I had a Dynojet Kit fitted to a Kawasaki ZXR750L1 years ago and asked the guy who was fitting it (the now defunct Ascot House Racing) if it was worth fitting a K&N in place of the stock panel filter, he showed me a replacement panel K&N the actual size of the opening was smaller than the OEM one it only allowed more air flow because the filter was not as fine so stuff the normal filter trapped passed straight through the K&N.
I'm not saying for one minute that this is the same, but you also need to check whether it's a dry filter or a wet filter and just what the mods required are bearing in mind I'm away till christmas

, though we are in Kennoway on Sunday.
At £75 it's possibly worth a punt depending on the level of modification required.
Pawnsacrifice fitted the AFE one to his and took it off again it created or at least exagerated a strange noise (can't remember what he called it off hand) as others have said don't think it will do much for the performance of the engine but will change the induction noise.
Yours sitting firmly on the fence.
PS good job they were not speed cameras coming back Portpatrick after reading about your insurance issues.