I just totalled my 93LX 5.0 and bought a 94 Cobra. My 93 ran 11.97 on motor. I know some of what parts i can transfer like cam, heads, full length headers, fuel pump. I've heard of changing my 93 computer that it's better than the Cobra computer. Just trying to talk with some people that know about the 94 Cobras.

 

Im not an expert, but its basically the same motor. I wouldnt change computers though...but thats just me. As far as the lt's go, you might have a little trouble fitting them, but ide imagine that you could do it.

 

It is worth changing the computer to the A9L because it reads the changes better.

 

If you have a Tweecer don't bother with the computer swap. It takes a while but the 94 cobra comp is fine. I have a 94 cobra myself w/tweecer...
I did the same exact thing: totalled an 88 and bought a 94 cobra. Swapped the salvagable parts (heads intake cam gears shifter etc etc...) Worked fine just a little different getting used to the new engine compartment.