you know, i couldn't say for sure because originally, i had one of the older style aje k-members before they re-designed them. they had an option for dropping it back then. fast forward to a year ago when my k-member was bent by my son going over the curb in it and i needed a new k-member. i called aje again and told them that i needed a replacement and that my original had a 3/4" drop and they said, "ok, we'll send you a new one". the new one was very different from the old one, and with it, my mechanic did have to notch the hood where it was now hitting (it didn't hit with the old one), so either there was less of a drop, or the engine was not as far back as before.
you might check into the comp magnum rockers, i am pretty sure they fit under most stock height valve covers. i know for sure that they fit under mine.
and no, my cobra hood is not for sale, sorry. i love it too much.