It's REAL close. I tried it on my '93 and the intake was touching the under hood insulation. It compressed the insulation some what.
I have an explorer GT-40 lower a 3/8 spacer and a GT-40 upper and that clears, bearly. I also have a Professional Products 70mm TB and the extra TPS adjustment that PP puts on their TBs caused my TPS to tear up some of the underhood insulation on my car.
Hope that helps.