Yes, Try Me, he does have 225hp at the crank. The 96-97 were rated at 215hp, the 98 rated at 225hp. And yes, you should be in the low 15's to high 14's if you can drive.
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T-Bones 1997 Cobra
Wht/blk, Pro 5.0,FRPP 4.10's, aluminum driveshaft, FRPP throttle body, C&L 80mm MAF, K&N, Steeda U/D pulleys, Steeda timing adjuster, Flowmasters, s/f connectors, FRPP pro springs, BBK caster/cambers.