I forgot to mention I have driven a '95 5.0 Cobra, and currently own the '97 Cobra in my sig.
The 95 had a little more oomph in the low RPM, but the 4V's just scream above 3k. The 4V just keeps tugging and tugging, its a nice sensation. Both are sweet, but the 4V is such a sweet motor, and the 5.slow is kinda old....it was also very hard to find a 94-95 Cobra in good condition, the one I drove had chips, dings, faded taillights, faded interior, felt really cheap, etc.