I'm glad this got addressed, because it's the biggest reason I might actually consider this mod.
Since gasoline engines are only about 30-35% efficient, and of the total power input about 30% goes out the radiator and the other 35-40% goes out the exhaust, it really is about 1:1. 5hp saved becomes about 3700W or 12,700BTU/h reduction in cooling system load.
I think this could be why you can find all over the Internet, people who claim to have fixed a highway overheating issue by replacing a fan clutch.
There's a lot of unknown variables but it wouldn't be completely out of the question for 5hp to be worth 10F of ECT. I base that assuming it probably takes about 60hp to maintain highway speed, which is ~153,000 BTU/h, and if the fan is 5 of that hp that gets rid of 8% of the required LMTD, which is will show up primarily in the difference between the ECT and the entering air.
An easy way to calculate horsepower required in steady state is simply MPG. A gallon of gasoline has about 45 horsepower-hours of heat. If we assume a 33 percent efficient engine, then we get about 15 horsepower-hours useful work out of a gallon of gas.
If you get 15 mpg at 75 mph, you are consuming 5 gallons per hour, or an average engine output of about 75 horsepower-hours per hour, or simply 75 horsepower. This is also roughly equivalent to the heat you need to dissipate.
Also useful for determining fuel consumption due to electric use. If we assume the alternator is 50 percent efficient, then we get about 7.5 horsepower-hours of electricity out of a gallon of gas, or about 5.5 kWh.