You have a Cobra man! I wouldn't bother taking off cause it's not worth any gain, except weight lose. You have Cobra intake so the EGR is built in and theres no spacer to worry about. If it were me I would just leave it alone.
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87 GT, 4 inch cowl hood,17x9 Cobra R's/255/45's,GT-40 heads,long tubes headers,h-pipe,Flows,BBK cold air, Mass air,70mm MAF, 1.7's, 1" spacer,underdrive pulleys,Pro 5.0, King Cobra, Adj. fuel Reg., Lakewood Lift Bars,50/50's,subframes, 4.10's.
Best time 13.012
Best MPH 104
Best 60' 1.816
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http://www.geocities.com/cobrar93_2000/MyPage.html