Not Ranked
I don't want to rain on anyone's parade, but the 3.35 first gear T-5 is not the trans for a Cobra.
As a replacement for a worn out Mustang trans running a standard 2.73 differential (or if you happen to be using a stock Mustang 8.8 diff in your Cobra), this would be an economical choice.
But most Cobras use 3.55's, or 3.73's out back, and the T5Z with the 2.95 first gear, along with an aftermarket shifter is the trans you want to use. At $1k ea., these sound like good prices as well.
Have the .62 5th gear OD swapped out for the .73 or .80 for a more useable cruising gear.
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