Actually...
How hard would it be to get your paws on 1996-98 Cobra springs?
I would figure they would be lower than the '02 GT springs by a bit, yet stiffer. Then again they're designed for the DOHC 4.6 which is more than likely heavier than your 5.0 will be with aluminum heads. Soo you may still wind up nose high running them all around... (I say all around because the rear would be massively soft with Cobra springs up front)
I dunno.
Then as for the power mods... Should be nice and fun with what all you're doing even though it's not how I'd go about it. (I feel that the GT40 heads and intake, as well as the Cobra intake, are crap if you really want to make power. An improvement yes, just not as good as it could be while still being streetable)
Not sure about the Cobra springs, but remember that the 02 GT also carried around the heavy 4.6.
As for the Cobra H/I, they're great bang for the buck. I would love to get an Edelbrock performer intake and some Twisted Wedge heads (the next step up from the cobra stuff), but then we're looking at doubling or tripling my budget. Sorry, I don't have the money to pull that off. The Cobra H/I with the cam I'm getting should put me around the 270rwhp range, and should propel my car to mid/low 13s in the 1/4 (judging by similar/identical combos), which is exactly what I want. And also, it's worthy to note that there are guys running 12s on stock ported heads and intake, so my setup will still have potential if I don't feel like replacing anything.