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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
Out of couriosity what should be the lowest for my cobra motor
I don't have a repair manual for the Cobra, sorry.
An engine with 9:1 compression, with perfect volumetric efficiency will yield a 132 psi pressure (ambient multiplied by compression). However, setup can really provide perfect VE. Pressure varies from day to day, and location to location. There's also a small amount of pressure loss to the rings as well.
110-120 falls within the specs of the Haynes chart. The point isn't necessarily to have the highest number, but the most balanced. The close readings on all cylinders means that the intake setup is providing roughly similar amounts of airflow to all cylinders, and that there isn't much loss in any one cylinder compared to any other. I'd say this engine in quite healthy in those terms.