You should be fine if you get a '93 Cobra MC, although with a stock booster, the pedal will feel a bit firmer. The metering valve on the '93 GT & '93 Cobra were the same, so you could probably get one from a salvage yard relatively cheap!
I did a similar conversion, but added the '73mm calipers up front and went with the SVO MC (1 1/8" bore - I think the Cobra's is 1"). My tech article should be up soon with a bunch of pictures and a nice parts list!
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