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If it was me id do the cowl. To me I'd your going to go with the RAM air on the 2010 mustangs, you need to buy the rest of the dress up parts for the car to make it look right. I'm sticking with the stock hood. It is the best design to me for now. I'm sure someone will come out with a decent hood soon.
I have the cervinis type iv. Its my fav mod thus far. Love it. Mine is a 2009, but its very similar to the trufiber kit already shown, but Cervinis is known for high quality products.
The Saleen hood, in my opinion, is by far the best looking hood - especially on a black car. Really can't go wrong with a cowl hood though, and if you have a cammed tune, they just go together like PB&J