The common rail CAC is a better piece than the 24V version, and it actually does an excellent job of removing heat from the intake charge.
A popular aftermarket CAC manufacturer claims a 50% reduction in pressure drop, from 2psi down to 1psi over the stock unit. It is a more efficient design, and looks awfully cool - but of course isn't a cheap BOMB. There are many other places I would look to spend performance $$$ before a new CAC, however installing one won't hurt anything except your wallet.
I've documented (with multiple electronic pyrometers) 3rd Gen OEM CAC thermal performance to give part-throttle (driving around town) differentials of 5-10*F on hot summer days (90-105*F)... 500HP of fueling with the skinny pedal jammed into the firewall creates a max differential of 25*F.
Probably would go a little further, if there was more road or more gear (even though the 37" Toyos make +120mph doable).
More specifically, max fueling on the '05 produces 355*F at the CAC's inlet with a delta temp of ~230*F at the outlet (while the poor 'ole HE351 is churning up almost 50psi boost under the punishment of 75psi turbine inlet pressure)... pretty good for OEM hardware.
I'd expect other common rails to be similiar, although likely producing slightly lower absolute numbers, since I tweaked the '05 with a few tricks to improve both airflow and thermal efficiency in regards to the CAC's heat exchanging performance.