They pick up a couple HP but more than that is the amount of weight they save. Stock manifolds are boat anchors. LTs are better for non-towing road goers. The shorties give more out of the whole go than LTs but aren't noticeably better on the big end. I prefer LTs for the sound and flow characteristics at high RPMs. But shorties are certainly an upgrade by cutting a lot of weight and flow a little better.
I don't agree with this post. You're worried about 10 pounds of manifolds on a 2.5 ton truck? Shorties give more out of the hole? I put shorties in the came category as roller tip rockers, that of complete uselessness.