Not Ranked
Asking which is "best," is really subjective. What might be "best" for you may not be the "best" for someone else. It all depends on what you are looking for in the car and what you will be using it for. True, a 427 SO will set you back in the neighbourhood of $20K. For the budjet you have set out, you should be able to get into the market. Start off there, and see if you like these cars. They are not for everyone. To quote, "There is nothing nice about a Cobra. It's loud, smells like gasoline, and shakes, shudders, and bucks. It makes your arms tired and your feet hot. You nearly crash about once every 10 minutes!" After you get your feet "wet" or in the case of these cars, your first case of "snake bite", you could set your sights a little higher and go for that dream car. Good luck! Welcome to the brotherhood. Wear your "snake bite" as a badge of honor! LOL!
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"The 427 Cobra is easily the highest performance car ever sold for street use. A decent 427 - not the worst, not the best, will go from zero to 100 mph and back down again to zero in less than 14 seconds. All thing considered, you can put together a pretty good argument that the 427 Cobra is the ultimate performance car, judged on any basis you want to name." Taken from; Corvette, The Sensuous American 
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