Not Ranked
I would ask "How are you going to drive it?". That, plus the available $$ would give you the answer you look for. If you just want to enjoy your Cobra with some 'spirited' driving, then the 428 stroker is more than enough. If you want to go up against the big guys on track day, then the all-out aluminum 427 is the way to go. What I don't see here is your desire for the 'bragging rights' that a Shelby 427 has. Myself, I prefer the iron block 427 or 428.
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"Paint It Black, Black As Night"
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