torque or not... IF it creates a vortex which better atomizes the mixture, then it is just better for the engine, and is better for fuel economy... but....
on an amc engine, the intake design won't allow it to help too much... the vortex will cause the incoming air to be "organized" better... but it then has to move downward, turn about 90 degrees, seperate, move out to each runner, turn another nearly 90 degrees, THEN it reaches the injector, which sprays at the incoming air... each step here will cause turbulence... and will completely kill the effect that the spacer gives...
i'm not saying it won't give ANY gains... it just might... they are inexpensive and easy to install... it just may help...
on a carbureted or throttle body injected motor, i can see it helping a lot more... the air/fuel will be atomized together, because all the mixing is done IN the carburetor/throttle body rather than the fuel being sprayed way after the vortex