The short answer is yes. The long answer is that this is not a place to look for large gains over oil control depending on what you are doing with it. Are you a class racer / shootout racer and clicking it off at the line? If so and you have a very sorted out combination then go for it. I'm a bracket racer so keeping the pickup covered while on and off the throttle is way more important to me than a few hp. Plus my car is just slow.
The amount of power available is dependent on how good or bad your present pan is. This is just my opinion though.
Curtis