Not Ranked
The 94/95 SVT Cobras are real dogs- the magazine tests had them running a few tenths slower than the 94/95 GTs because of weight, despite their intake mods. The standard SVT Cobras DO NOT come with a 351W, just a very mildly modded 302.
I owned a 94 GT way back in the day (part of the origin of my screen name, which stuck). They're fun cars to mod and easy to work on, but if I were looking to track one, I'd buy a 90-93 LX 5.0 or 93 Cobra (now these are getting pricey). They're at least 5/10 quicker in the 1/4, and feel much lighter on their feet in the turns. I modded my 94- it kept up with a late 90's Z28 on the highway (quick back then!), but it handled like a pig, and the butt-rise during braking was the stuff of neighborhood legends. The earlier body handles much better. The old GTs and Cobras had a 4-link in the rear with no panhard bar- at a minimum you'll need the bar to get rid of the rear end tail-wag.
If you must get a 94-95, start with the GT. They also look much nicer with the side skirts removed.
-Dave
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