That actually might be valid if your car could draw in air as fast at the same pressure your compressor delivers. At that pressure the compressors own hose is also a restriction. Given the naturally aspirated nature of the engine it can only intake so much air due to the throttle body plate/opening...there is the real restriction if there has to be one.
Unless someone can put up a dyno showing that there is an increase in power from removing it, I still believe the stock system can provide more air than the engine can consume. Are there valid dynos showing that even an aftermarket intake provides more power over stock from TN members?