Ok Fried.
I talked to the man ( Joe at Chicane today ) . He said that the hood will not work with the Cobra front bumper. As far as the clearance with the shield on. He said NO. He has not tried it with the shield off and pulley down.
For the record he can still get the "E" hood for anyone who would like one.
Maybe what I saw was not an Extreme hood on that Cobra in Hollywood.
I used to act like that guy with the blown M5. My M5 was fast but after a $1,700 head gasket and a $8,000 tranny and clutch I decided to sell it. No more BMW headaches any longer.