NO! It's still a GT, not a Cobra and IMO just plain phony. But it's your car...do what you want!!!
What if you put it into a V6? Is it still a V6?
I'd still say No! Although a big part of it is the engine, there are other things that make a Cobra a Cobra and not a V6 or GT: tranny, IRS, brakes, hood, front bumper etc and subtle things like white faced gauges. IMO, a GT is born a GT and stays a GT. Transforming it into a complete Cobra (as I've seen some do) makes no sense to me and seems like a waste of money -- just buy a damn Cobra. The great things about our cars is the interchangeability between models and I'm a big fan of sleepers. If my 2V went belly up I'd certainly replace it with a 4V.
Hey, it's your car and this is America. Do what you want.
Oh yea...check out the Mustang Man Laws thread.
But it's your car...do what you want!!!
I say do whatever you want, its your car and no one has the right to tell you what you can and can not do with your own car. I think what bugs me the most about this topic is people throw a fit over it, but come on people its a piece of plastic made to look like a snake. Also one more thing, you all need to remember that snake came from the shelbys of the 60's, so original shelby owners could say that its not right that svt cobra's which are not shelbys shouldnt have that emblem. So i say stop giving people a hard time over this topic once and for all.
IMHO the pony with the red, white, and blue bars is THE BEST badge of all.