Well, I'm kinda late to the party on this thread, but wanted to share.
... hopefully no penalty for necro-posting!
I do not have a cobra yet, but have wanted one since I read "The Cobra Story" in the mid-to-late 70's; even acquired the motor for it... 66 427 so out of a galaxy with the $ crank, cross-bolt mains, pent roof VCs, dual-quads (carbs not original), but had all the linkage, air cleaner, etc. Sadly, had to sell it to pay for a semester at school.
I am planning a Mk 111 289 Sports inspired build with a 302W/5spd and IRS... named "Alice" as the color will Princess Blue with tan interior and top.
Other toys are:
92 Mustang LX Sport (factory notch-back, 5.0 and 5spd) in Jewel Green/Gray, "Emma";
94 SHO ATX, 45k original miles in White/Mocha, "Bianca" (because she's beautiful, high maintenance, can be expensive and sometimes a pain in the a$$, but still so cool!)