I'm glad NOVA 2SS posted this. I've had the same questions, and done the same research. I'm about ready to purchase as well and I'm stuck between the same two. I've heard nothing but good things about the Cold Air Inductions CAI, but I must admit I like the clean look of the Vararam. The only real thing I'm stuck on is the fact that you have to tilt the radiator back.
Has anyone had any experience with the new Vararam unit? (Sorry not trying to thread jack, but seemed pointless to start a new one when this one is so close)
2011 Synergy Green Metallic 1SS Camaro:
RS Package, White Ralley Stripes, Premium Sound.
Mods; Flowmaster Exhaust, Vararam CAI, Pfadt Sport Suspension, Budnik "Ice" Wheels, Nitto Invo tires
Upcoming Mods; Custom grill and badging.