Starman said:
well even $10,000 is a lot cheaper than a newer cobra in my book.
I think you missed the point. Dump $10K into a '95 GT, and the car will be worth very little more than when it was stock -- maybe even less, unless you can find someone who wants those mods. Sell the parts when you're done, you'll get less than half what you paid for sure, probably much less than that, and you have to do all the de-mod labor.
Where the Cobra becomes economical is that all of the mods you would do to a '95 to make it a nice car -- powerful motor, strong transmission, nice comfy interior, good suspension -- this is all included from the factory on the Cobra, and thus it is automatically figured into the value of the car.
Fact is, the only reason to dump this kind of money into the 5.0 is if you want the 5.0 because of the motor. If you have nothing against the newer body style and the modular motor, it's a better overall choice to get 500+ horsepower.
Plus, after that much money spent on newer/updated motor and drivetrain you'll be able to blow away most cobras out there
Raced many Cobras have ya?

The track I go to is completely unprepped, and one of the slowest tracks around (check out my GT times if you want to see just how bad

). And yet, even on street tires I ran
[email protected] in my Cobra. There are all of sixteen cars on the 94/95 quarter mile list that trap higher than that ... and my only mod is the pulley and a K&N filter.
My point is not to start a pissing match, it's just to point out that there are a lot of options out there, and for the original poster who stated that he was very interested in a
reliable 500 horsepower, he should really consider whether the '95 is the best platform for that. If all you want is a quick N/A car, it's hard to beat a 5.0. At higher power numbers it starts getting real expensive though.
Dave