K&N filters have very poor filtering efficiencies, which means they let a lot of dirt through the filter media into the engine. They are known to foul MAF sensors, which your truck has, and cause valve seat and piston ring damage.
There are better and less expensive options out there now. Remember, that the first priority of an air filter is that it removes dirt from your intake so that it does not go into your engine.
Before we move further, lets clarify a few things. For starters, the stock paper air filter actually flows more than the engine needs by a huge factor. This means if you put a freer flowing filter, it yields no increase in power unless you do supporting mods to enable the engine to breathe better. This usually means larger valves, ported heads, ported intake, larger throttle body, and smoother intake tube. It also usually requires mods to increase the redline of the engine, and often a cam. In other words, you would be doing enough modifications to a 110 hp engine to make it produce ~160 hp N/A before a freer flowing filter would even be justified.
K&N Filters claim to save money and the environment by using a washable reusable element. However, you have to clean the element with their cleaner, and use their oil. You have to let it air dry after cleaning, if you use an air compressor to blow it off, that ruins it. So you have hours of downtime while you clean the beast. Combined with engine and sensor damage, inconvenience, and initial price they are far more costly than paper filters.