For a 427 Cobra replica, you just can't beat it. It's the right engine for the car. I am doing an 428 based motor, because I can't afford to do the side oiler, but we all want one
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The FE was a great motor in it's day, but it's day was a long time ago. That doesn't mean they don't perform. With all the new heads and blocks out, the FE has gotten it's second wind. But it still costs a ton more to build over a 385 series motor, and the 385 series has far superior head designs. I doubt many people who are building non-Cobras go the FE route.
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Sal Mennella
CSX 4241, KMP 357 - sold and missed, CSX 4819 - cancelled, FFR 5132 - sold
See my car at CSXinfo.net here >> CSX 4241