[bobcowan]

My first Cobra was a CR with a small block and solid axle rear. The ride was pretty harsh. Changing shocks was a good first step. You'll have to remove the springs to see what you have. It's usually engraved on the top/bottom of the spring. If you decide to change them, use Eibachs. Makes a huge difference.

Tire pressure should be around 22psi

Disconnect one end of the sway bar and drive it around a little. I doubt that it will make much of a difference.

Also, check for binding in the suspension. Poly bushings are famous for binding up over time. That makes a Really harsh ride.