in answer to the question for 26K i would have a 347 stroked 5.0 with cartech t-66 single turbo running 15psi inward threw afr 185 cc heads and mid 500 lift cam and trickflow intake, fuel spark curves controller by twEECer, 42 lb injectors with tuning, a little more suspension, and into deep 8's, still street legal
with over 10K to blow on a downpayment for a new cobra for my everyday car
