Merv and Sharon,
If it is a 94 import it will have a distributor and single coil, well that is how my motor arrived.
If it is a low K unit I would not touch or open the motor, just run a compression test and make sure all cylinders have about the same pressure and a quick look at the rockers and springs to make sure none are broken.
I would also change the rear seal, as they always leak. It is just a bugger to change when the engine is in the car.
I have a rule that always seams to work, The more you pull it apart the more it costs you to put back together.
My engine had 30 000miles on it and it ran beatifully for many years and towards the end I was not to kind to it, the long motor is still going in another cobra.
With the loom and computer I sent it all off to Castle auto electrics and they reworked it, by passed security etc. Plugged it in and it fired first crank. Although the loom was not the tydiest thing and I would say the mangament was about 80%, could have been better.
Nassty, you will be surprised how quick you get used to the power, when I first drove my car I said, yep this is the car that will kill me. It wasn't long before you are flat to the boards down the straight tapping the dash saying come on hurry up.
500hp... at the wheels just enough
Phil