it just sets the power band higher up...no point in doing it, the factory setting is best.
absolutely wrong.
i did the following to my car all on a friday evening:
-removed clutch fan
-installed e36 fan in front of radiator, wired to factory aux-fan circuit with a 30A fuse
-installed new valance with bar across center hole deleted, cut and tucked the shroud under the bottom
pics:



during normal driving the temp gauge now stays at 3/8 instead of the 1/2 mark, which means it is getting better cooling from ambient air. given that the clutch fan doesn't engage until the engine is hotter than that anyway, this is a good thing.
performance increase was comparable to removing the power steering; there is more power everywhere, which is exactly what you'd expect from getting rid of a driven accessory. i have no idea why someone would think this modification would shift the powerband... anyone who's put underdrive pulleys on a car will know what it is really like.
i've only had the temp gauge cross over the halfway mark once, when i was stuck in traffic for an hour... pushing the AC button to turn the fan on immediately took temps back below the halfway mark.
the gains are incremental, but if you make a weekend project of getting rid of power steering, air conditioning, and the electric fan, you will love the newfound acceleration, and you'll get a few more miles out of each tank of gas as well.