I know this is an older thread and the verdict has more or less been said regarding the ribbon delete on our 1.8L Natural Aspirated engines but some may find this useful.
I installed the Riva Rings last weekend, left the stock paper air filters in, but removed the restrictive air box boots (black rubber tubes that let the outside air into the air box) and saw the below small but measurable results:
My engines have 84+ hours on them, Allatoona lake elevation is about 950 ft per GPS, outside air temp was upper 80's water temp was 86, Full load of fuel, 6 adults, and one small dog on board.
Before install, WOT normally is 7,200 ~7,300 RPMs at 41 ~43 MPH (these figures and associated load were very constant all year)
After Riva Rings install and Boots removed 7,500 ~ 7,590 RPMs and 44 to 45 MPH. I was pleasantly surprised to see 7,500+ RPMs being that with just 2 adults and half tank the most I ever saw as 7,4xx on the digital RPM gauges 47 to 48MPH consistently on Allatoona. (I have not yet run with just two adults and half tank since the install)
I also notice what I would say is a 10% increase in throttle response when pulling two tubes with one adult on each. Definitely had noticeably more low and mid range Grunt!
So I would say yes the $80 investment was worth it, but I think there are two key elements to my results: Elevation of almost 1,000 and removing the restrictive air box Boots.
I also noticed for the first time when pulling up adults on surf board, with all 3 ballast tanks full, plus a 550 bag on the swim platform, and everyone at the rear of the cockpit, RPM readings breaking into the 8k range and the sound of slight cavitation when boat was trying to plane off (plowing with nose high), to me another indication of increased power.