Try it with a 4 gas exhaust analyzer or better yet, a water manometer plumbed to the air cleaner cover to measure the pressure drop across the filter element- - - -it's not RPM; it's the venturi vacuum in the carburetor that concerns me when using a too-small air filter element. Getting enough fuel isn't the problem- - -it's all about having a free flow of air to maintain the correct fuel/air mix for best efficiency, power output, and gas mileage.
Jerry