You’re blocking 300-500 W of solar radiation on a heat exchanger that runs 20-100% of the day. So yeah you’re definitely going to get some improvements. Most notably it will run less often because it isn’t dealing with the excess heat.

AC units SHOULD be designed for 100% duty cycle. But we all know that nothing is really capable of that - even industrial stuff. So if your shade reduces the duty cycle by a few percent, you might increase the longevity of the unit by an order of magnitude.

probably just a brain fart - they’ve both heat exchangers.