To tell you the truth if the Cobra has stock gears I think the GT will have the advantage.
My car has similar bolt-ons to your GT (also have Al flywheel, spec stage II clutch, Al driveshaft and some weight reduction) and I can pull on '99-'01 Cobras even from a roll (which are a bit faster than '96-'98s) until I have to go to 5th gear.
So with 4.10s and bolt-ons in the GT if you get a good launch I don't think he can catch you.
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Strike down the unroadworthy!
2000 GT Atl. Blue: '03 Cobra motor - 465rwhp/473rwtq, T-56 6-speed, full MM TA/PH & tubular K-member suspension, Saleen body, 17" Torq-Thrust II's, M/T ET Street radials, and lots more
'94 Rio Red Cobra: All the bolt-ons, 3.73s
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