I was thinking of a project car and decided to go with a 5.0. SOme one told me that 94-95 were really cheap and easy to mod. But I've read and heard from various sources that the 94-95 were the worst year for mustangs because they put the 5.0 in such a small engine bay. I have a 98 Cobra and i know for a fact that they engine bay is kinda cramped. but does exhaust and intake fix all the breathing problems that you get from the cramped space? or should i look at a different car for a project?

will you hide my wires for me? Please!
The restriction is more in the heads and cam when it comes to cobras, when it comes to 95 Gts its in the heads and intake manifold. Intake and exhaust might get u a few ponies but nothing to write home about. 94-95s are a great project car, cheap, look good, many parts, etc. also 98 cobras might have a mighty 305hp and 95 cobras 240hp but in reality at the track most 96-98s go 14.2-13.8 and most 95 cobras go 14.20-14.5 so its not like two totally different cars, especially with the 96-98s laughable low end torque.