Welcome to my world then:
I didn't sleep several nights either searching for best HP/price comparison on different items...
According to my research for induction: (don't blame me if there are mistakes)
1)
If you don't mind 2hp less than GruppeM, an ITG Maxogen will do just fine, giving you good torque, perhaps more than GruppeM (however I cannot confirm this) in mid range RPM.
However, in my case, the choise was made easely because GruppeM doesn't fit Left hand drive EP3's. (although it can be done by modifying some things)
2)
Open cones are best avoided, and here I speak out of my own findings, it really improved throttle response on my EP1 before (1.4l - 90hp) BUT at higher temperatures, it lost power...
3)
Drop in filters can NOT possibly give power gains like decent induction kits. It is just not possible in any way...
However, they are cheaper than an entire system
4)
Short ram/boxed induction gives best throttle response, this means, the AEM CAI might give actual gains, throttle response could be not as good as a boxed induction kit or short ram.
Keep in mind the short ram actually suffers heatsoak, and it is BAD, feelable power loss on my previous EP1, so never again short ram open cone for me...
5)
How loud?
According to many posts I read, the GruppeM is LOUD, so if you don't like loud (personally, I really do not like loud), ... better not go for GruppeM or AEM
ITG Maxogen is claimed near stock sound levels.
6)
How deep goes your wallet?
If you can justify 800£ for GruppeM, go ahead...
but please allow me to give an example:
GruppeM + DC Sports Header // ITG Maxogen + Toda Race Header
For me, I could more easely justify a 900£ header and a 400£ intake than a 800£ intake with 400£ header.
7)
What's the use?
Would you take it to the track, dragrace, or street driving?
If you use this car to go shopping, you won't need a GruppeM, if you want to circuitrace... well, don't go cheap then and just go for the best...
These are my findings about induction kits.
So personally, I'd go for ITG Maxogen because everything is in my favour:
+Not TOO expensive
+silent
+boxed with cold air feed
+no big deal for installing, ulike GruppeM which seems a pain to many
-less peak power than GruppeM
-perhaps not the cold feed like GruppeM
To conclude my post, most of this info is based on research which I cannot confirm, however items 2 and 4 are based on my own findings combined with research which only confirms my own findings..
Many research was done over many forums, watching youtube, looking at dyno charts, ...these are my conclusions, nothing solid...
And in case this was all too difficult to understand:
the best induction kit: probably the GruppeM
the best choise: depends on your likings
As for an exhaust:
According to my findings, every forum has it's "favorite" item, this forum has the Fujitsubo RM01A as the number 1
Other forums will suggest the Toda exhaust while yet another will make you buy the Buddyclub spec 4 or spoon...
In some way, this is manipulation of your choise... I'd advise the Fujitsubo as well as 100 other people on here will...
Up to you, but you have my advice
Hope this helped