Centrifugal compressors develop head as a result of the change in angular momentum of a gas. Imparting a swirl on the inlet gas therefore changes the incomming angular momentum and therefore will reduce the head developed. Actually, guide vanes also introduce a pressure drop, so their total effect is a combination of swirl and inlet thrittling such as you would get with a throttle valve. AIGV's (Adjustable inlet guide vanes) will allow more efficient operation than an inlet throttle valve at reduced head requirements for a constant speed driven single stage compressor, but also introduce additional complexity and maintanence issues due to linkages, leak paths, etc. The decision as to whether the long term benefits favor AIGV or just a throttle valve must include estimates of operation time at different conditions and the power savings associated with an AIGV vrs straight throttle valve.