Whoa...
I should have put my hip waders on before coming into this thread. hehehe
The transfer functions for a Cobra meter vs. a stock GT meter are DIFFERENT. Swapping over to 24 lb injectors does NOT make everything ok.
So you drove around the block and noticed a power difference. I'll have to chock that particular anomaly up to wishful thinking.
The trouble is that the higher you go in CFM the further away you get in the differences between your OEM GT meter and the Cobra meter. So to answer your question.... YES you're running a risk of running lean and causing harm to your motor.
At 4.4 volts, the Cobra meter is measuring 425.3 CFM but your stock A9x computer only sending enough fuel to supply 347.4 CFM. The difference is outside of the EEC's ability to adapt. The higher you get in the RPM range, the less it will be able to compensate and the leaner you will run. Lets also not forget that 02 sensor input is not read at WOT. So whatever the adaptive control has interpolated from the lower end of the RPM range is what it will add in fuel up top.
This is not a good thing since the fuel curves are further apart at the top than they are at the bottom.
Take a look at the charts here:
http://www.veryuseful.com/mustang/tech/engine/93cobra-maf-vs-stock-gt-maf.html
If you insist on running this meter with 24 lb injectors then either GET Cobra computer or have your A9x EEC tuned with the proper transfer curve.
The way you have it configured now, you're asking for trouble.