With my old carbed trucks, this was a no brainer. The cold air, a denser air charge, made the engine run better. The less dense the charge, the worse it ran. Now comes fuel injection and we seem to think the same thing applies, but hold on. This year NASCAR ran FI for the first time. We expected colder temps would make the engines run better, but..........something new entered the picture. The on board computer, which no matter what the air density is, it still maintains a 14.7 to 1 ratio, thereby making the density of the air coming in of no importance. By the way, NASCAR found the cars actually used more fuel in the cooler temps (denser air). Go figure. I could be totally wrong, but this is food for thought.
Jim
Jim