Not to sound all weird or anything, but I would drive both, at the track if they would let you, just to compare the two. My 89 GT has a 306 with Edelbeock alum heads and an E cam, and it makes 525 at the rear, with the blower. My Cobra though, feels faster off the line(I think it's just the gear). If you just want top down fun, go for the SN-95, but for all out fun, the FOX is the way to go. Drive them both first, and keep looking around, you might find the one you never knew you always wanted.
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1989 GT- Vortech blown 306, Anderson 3" power pipe, Vortech S-Trim 14# boost, MSD-6BTM, black wrinkle finish Cobra valve covers(woohoo), world class T-5, 3.55 gears, custom sub-frame connectors, Cobra grille insert and rear valance, Saleen "whale" wing, 4 wheel disc conversion, est 1/4mile time of 10.5+/-
1994 Cobra- MAC cold air fender kit, Motorsport underdrive pulley's, MAC 21/2" off-road H pipe, SVO mufflers, 3.73 gears, E-303 cam, 13.417@101.335mph
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