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You can get a very nice Cobra with a 427 (S.O. or C.O.) or a nice 428. Either will serve you well if they are built correctly. If you want to be authentic go with a 4sp toploader but if you want to enjoy your ride on the freeways I would opt for a TKO 600 transmission. Most common questions you will get from non cobra owners are:
1. Is it real
2. Is that a 427
3. How fast will it go
I know you said you were not going to track your Cobra but I would highly recommend taking a driving lesson at a local road course. These cars are short wheel base cars with lots of torque and power that often will surprise you. You need to know what to expect when certain things happen. It could save you thousands of dollars and diminish the enjoyment of the Cobra. These cars are great fun and attract more attention than you can imagine from everyone from 90 year old ladies to the girl in the next lane flashing you and asking for a ride. Seriously, consider a few laps around a road course so you will know how to react when decide to clean the dust off your tires or pass that corvette.
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Sunshine, Asphalt and no stop signs...Perfect
"Let's roll"
"Be part of Something Good
......Leave Something Good Behind!"
from CD "Long Road Out of Eden"
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