Hi Cisco, hows the "Busa? (it's me, Roman)
With cutting the airbox plastic, I did mine like Dirty Pete suggested with an electric soldering iron, use one with a pointy tip guys! Not a big crude car iron.
The problem with that is the melted plastic "oozes" out of the fine slot where you are cutting and just gets in the way.
When I did the plastic on my TL1000R I used a fine tip soldering iron, about a 2mm tip (less than 1/8") and it still was a bit of a mess. Fortunately I work with this plastic in VCRs and stuff at my work so I knew to cut the plastic slightly BIGGER than needed, then use a good (metal handle) "stanley" knife (you might call them exacto knives??) to trim the melted edge away and get it down to exact neat edges.
Once the soldering iron had made the main cut, the knife cut neat plastic strips that curled up and I cut them off in 2" lengths for convenience. I didn't need to sand anything, which only makes more mess, was able to shape very nicely with the knife (with a new blade).
Oh, and about performance, I must echo Pete's experience, no troubles down low, more power everywhere, had to re-learn throttle and gear changes as front wheel coming up a lot on my favourite roads. Motor just seems so much more "happy" now. What were those flappers supposed to do anyway?