Banks has some features that are not benificial to chages beside they ones they design, over temp defueling for example but that being said yes it will work. My best friend has the Banks package on his 01 and I put a set of 1. 5's in it for him. The temps got a little toasty on the top end but drivable. He dynoed 390 hp and 870 ft/lbs with that setup and a stock airbox. He needs more air.
-Scott