I seen the Banks website and it looks like they are a cone filter ? If so, they have a dry filter. Not sure if it will fit, but a phone call to them will give you an answer.
I have an S&B and didn't want to pay the price for their replaceable filters. Found aFe had a dry filter that was reusable and washable. Found one with measurements that would fit. On long trips, I have a spare and would wash clean the dirty one at a rest stop or hotel, then let it dry in the truck bed. They are a but pricey, but reusing them over and over has saved me money in the long run.
If it's a K&N oiled filter, then this has been a hot topic for years. Some say they don't filter well, others say they swear by them. I guess to each their own. But the people who have problems with them that I know of is their own doings. They tend to over oil them or don't let the oil dry on the material enough before starting the truck. The disadvantage I've seen was the oil sucked through the filter and was building up on the turbo blades. We cleaned my friends blades and solved his problem. He oiled less and let it sit a while from then on. If the oil collects on the blades long enough, normally it will end up with an irregular pattern, then it should throw the blades weight off balance and destroy the bearings. Not to good for a turbo spinning at that speed.