Don't mess with an off the shelf chip like Superchips. Put that Cobra on a Dyno and get a chip burned for it after you do some mods. This way the chip is set up for your specific car and mods. It'll make a big difference. Get your Bassani exhaust, K&N filter, underdrive pullies, at least 4.10 gears but alot of guys recommend 4.30s, subframe connectors, and either drag radials or slicks. You could do all of that stuff yourself except for the gear install and the dyno/chip. After you get the mods on go to a place and get the Cobra run on the dyno and get a custom chip burned for it. I'd bet low 12s to high 11s for your car. If not mid 11s.
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1994 Red SVT Lightning #2019