Pete, you DEFINETLY need to move that pipe. i'd cut it, or shorten the reducer, so the pipe is over some.
Update: Got my K&N X-stream RX-4750 today and DAYUMN!!!! This is the same filter bonnie94sse, willwren, and allmachtige have, and it'* a very nice filter. I've dremeled the hole bigger for my IAT, and it'* securely in the Filter now, the best possible reading spot.
Impressions on this filter over the other one? It'* much bigger, and blowing thru it was completely unrestrictive. It'* definetly a great filter, i'm very impressed with it. The sound is better then the old filter as well.
At low load, it'* the same volume as the ratty filter, but a lower tone, possibly to the bigger chamber in the muffler, but when you poke the loud pedal, and it'* under load (in gear) it lights the fire under the hood! Definetly louder, and it doesn't let up. Easily helps a lot at high RPMs, delivering much more air for more power. Underload, v8 comes to mind very quickly
I got a few looks in T.O. with the other one, but lotsa people were wondering... Who'* driving that magnificent machine