Regarding electric fans, I personally doubt (my own thoughts here, before anyone starts hopping up and down mad!) that they "free-up" horsepower.
Here's why I say that: 1: The drive belt "eats" HP through friction, just by worming it constantly around all those bends. But, you can't eliminate that part of lost HP- you can't "ditch" the belt, so stuck with that loss.
2. Factory clutch-type fan essentially "free-wheels" until air flow temp. through radiator calls for fan to move air, requiring HP drag on engine.
3. Electric fan essentially "free-wheels" until cooling effort is needed, at which time it turns "on"-- when that happens, the energy needed to drive it comes from the alternator; that increases drag via the belt, which eats additional gasoline whenever the fan is turned "on". It seems safe to figger the electric fan moves a similar amount of air through the radiator, thereby eating the same amount of HP as the clutch fan when it is "driving".
4. "Flex-Fans"- Don't see them much anymore, were sold as a "gimmick", they drove a maximum amount of air for a given fan speed, which at it's upper limit "flattened" the blades' pitch down, giving the illusion of LESS fan action--they most likely used more HP than either clutch or electric scheme.
So, I contend the electric fan requires about the same HP (when running) as the clutch fan requires (when being driven). If I'm "all wet" here, please provide some thoughts based on the Physics involved, not some advertising hokum.......imp