According to SVT Cobra Recognition Guide:
engine changes-
cobra -235 hp@4800rpm - 280lbs/ft@4000rpm
5.0GT -205 hp@4200rpm - 275lbs/ft@3000rpm
cobra -GT-40 heads, w/hardened exhaust valve seats inserts
intake -1.84" exhaust -1.54"
rockers-1.72:1 extruded aluminum
more aggressive cam -special intake-65mm throttle body
70mm mass air meter 12% smaller crank & water pump
pullies.
5.0GT -intake -1.78" exhaust -1.46"
Rockers -stamped steel @ 1.59:1 ratio
Transmissions
cobra had phosphate coated gears & stronger bearings, revised shifter. Stronger clutch assembly w/ less pedal effort
Wheels- Tires
Cobra -17x7.5 cast aluminum/ P245/45ZR17 Goodyear Eagles
5.0Gt -16x7 cast aluminum/ P225/55ZR16 Firestone Firehawk SVX
Suspension - front
Cobra -front springs are the same. 28.5mm stabilizer bar
5.0 GT -33mm stabilizer bar
rear-
Cobra -160# constant rate springs- 21mm stabilizer bar
5.0 Gt -200/300# variable springs -30mm stabilizer bar
Brakes
Fronts are the same. Rears-
Cobra -10.07" disc w/single piston calipers
5.0 Gt -9" drums
These are the mechanical differences listed. If you want apperance difference I can list them also. At
www.SVt v.2002 they have comparasion chart you can view between all years of SVTs. (No 5,0GTs or LXs). Hope this helps.