I use the oval disposable paper element filters on my TR3/A, as I feel they are effective and cheap. The original wire mesh things were only effective at keeping out large rocks, they stopped very little of the fine dirt and grit that wears out engines. And where I live, we get a lot of that stuff in the air (blown in from the desert).
Test reports I've seen indicate that the K&N filters are also rather less effective at keeping out dirt; they do offer lower restriction initially, but pass more dirt and also clog more quickly. Good for maximum performance (if you service them frequently), but not so good for engine life. For example,
http://duramax-diesel.com/spicer/index.htm