It's REAL, but what is it?

[PurpleVenom]

From Wikipedia, do not know the accuracy:

Brian Angliss era

In 1982 Brian Angliss was running Autokraft, a Cobra restoration shop, parts supplier and replica manufacturer. To further such pursuits, he acquired some of the tooling from Thames Ditton and created the MKIV; the car had US-spec 5 mph (8.0 km/h) bumpers, a federalized motor, and a larger interior with modern switchgear. About 480 cars were produced in his factory at Brooklands. He also produced a lightweight model which was more in tune with the original Cobra spirit, though it could not be imported to the US due to Federal regulations.

Early cars were sold as the Autokraft MKIV but eventually Angliss acquired the rights to use the AC name. Derek Hurlock had been strongly protective of the name, but Angliss' high standards of craftsmanship won him over. When the Hurlock family finally sold up in 1986 Angliss fully acquired the AC trademark rights and set up a new AC company as a joint venture with Ford, who had also recently bought Aston Martin. A big conflict followed over the future direction for AC, but Angliss eventually won his independence as well as Ford's continuing and essential cooperation as an engine and parts supplier.

Also interested in aircraft, Angliss restored a Hawker Hurricane XIIB at Brooklands as well as acquiring two ex-Indian Air Force Hawker Tempest IIs as future projects. The Hurricane was registered as G-HURR and was destroyed in a fatal accident at the Shoreham air show in 2007.

Angliss looked for a new car to complement and perhaps replace the MKIV. At the 1993 London Motor Show, he introduced a new vehicle that he named the AC Ace. It was a modern automobile with a stainless steel chassis and an aluminum body, but was expensive to develop and build. The costs hit Angliss hard and he sold his large motor bike collection, vintage Bentley and other assets to try to make ends meet. The receivers were called in by 1996 after approximately 50 "new" Aces had been built.

[PurpleVenom]

Looking at a book that I have that lists AC chassis, all of those chassis' are numbered COB or COX. Sooo, I assume from that that this chassis was not one of the original chassis built by AC, but rather AutoKraft.

So, if a modernized car is built to the exact specifications of an older car, it would be a replica, would it not?

A few links for research:
http://www.acownersclub.co.uk/
http://www.w2ec.com/ACOCindex.html - I got this from here - http://www.w2ec.com/MKIV.html
http://www.acheritage.co.uk/