There is nothing wrong in my opinion with going really fast, but you should atleast get some brake and suspension upgrades before you do it, and shut it down as soon as you top out. If you ever had to slow down or make evasive maneuvers at that speed, you would be screwed. If you jam on the brakes at that speed in a Fox, they will fade before you make one stop (I know this because I did it in my '87).
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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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