K & N filters have been proved time and time again to add nothing to the performance of a car, clever marketing makes people spend money on things like this for nothing........
I wouldn't go so far as to say they're just a marketing ploy. They have their niche market. I had an MY05 Subaru Impreza STi PPP. It did help the air flow but the original filter was quite restrictive for the turbo charged engine.
But in this case for an SL500, I would tend to agree with others in that I would have thought it would have negligible effect because the forced induction is belt driven as opposed to exhaust driven so there is no natural flow benefit. Plus there are so many sensors on these engines that any change to set up would need mapping optimisation to gain any benefit.