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The Jaguar rear suspension system is very popular in Cobra replicas - it's standard on ERA and Unique cars and an option choice on others like EM. the differential is a close cousing of the original Cobra differential and it's pretty tough. Most of the slavage yard units are an open differential so a limited slip unit if desired, must be added. For those building mega-power motors, there are improved halfshafts, bearings, stub axles, etc available. The in-board disc brakes are probably considered the major drawback. The location is not good for cooling and the stock rotors are only about 1/2 inch thick from memory. They are also not as accessible for changing pads or bleeding the calipers. Being in-board, they do reduce unsprung weight at the rear wheels. There are some upgrades for the brakes available also, but not many and some are expensive.
I don't know about the front suspension or your other questions.
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