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nope. 87-93 GTs had 225 hp and 285 tq.
the 1st year 93 cobra is rated at 235-240 hp, though it really has 260 and 225 to the wheels. in 94 and 95 the 5.0's were rated at 215, but they do have the same 225 as the fox body 5.0s (190 range to the rear wheels).
btw, 93 cobras arent very heavy. i doubt your car weighs 1000 lbs less. 93s weigh around 3300 lbs.
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