I didn't take any pics with the intake on, but I'm sweating the hood shutting. It's definitely higher than the fenders.
Old engine pics are here: http://forums.stangnet.com/showthread.php?t=694972
3/8" spacer. Yes, UNLESS you grind the EGR bottom bolt hole off the elbow. It is the track heat. I'll know tonight if the Cobra hood will clear, but I doubt it. I'm actually not sure if it was the mounts that lifted the engine up. I do know is leaning forward a bit, as I don't have a transmission on the back of it. ;-)
The intake/fender picture is why I'm looking at this: http://forums.stangnet.com/showthread.php?p=6853990
I KNOW it will clear... just not sure what brand it is, and I'm concerned about fitment around the headlights.