Russ:
That is a VERY good question and I'm not sure I can give you an accurate answer?
BUT...... the R pulled just over a g in testing and the GT500 did not pull a g so I would have to give the cornering nod to the 2000 R. That is cornering only. A specific radius turn driven at the limit by the same driver and in the same track conditions. The GT500 is more nose heavy and it's carrying around more than 300 additional pounds compared to the R. The chassis and suspension, no matter how much it's improved, just can't make up the weight discrepancy. Plus you have the IRS/SRA issue as well. (The R had harder durometer bushings in the IRS making it not as compromised as a Term as delivered from the factory)
You didn't ask THIS question but I will give you an answer to it anyway. Big HP tracks like Road America, Watkins Glen, VIR or Road Atlanta the GT500 wins in a heads up competition. Shorter tracks like Gingerman, Waterford Hills, Grattan, MAM, Auto-Bahn, Barber and the like, the nod goes to the R. This is comparing two factory stock vehicles on street tires and street pads with same driver and track conditions.
That's about the best I can answer! :thumbsup::coolman::beer:
Bruce
The "cornering only" question is what I was after.
In a nut shell, What I think you are saying is: A box stock SN95 based 2000 Cobra R will out turn a box stock GT500.
I know I am breaking this down to very simplistic terms but I just want to keep it simple. I have heard people praising the phenomenal handling capabilities of the Cobra R but no one who has driven a GT500 or who owned one dare to compare it to an "R".
I also realize the Cobra R is nothing more the a race car masquerading as a street car but it is an SN95 based platform with the Terminator being the next one down the performance rung. Which means either the S197 is not as advanced as some would like think or the SN95 is not as bad as those same people would like to believe. Chassis stiffness isn't everything and the S197 does make a few compromises to the SN95 in other areas.
I would image on a twisty Technical road the GT500 would be at a disadvantage to the Cobra R and possibly a Terminator with a set of IRS bushings.
To be honest in the larger scheme of thing it doesn't make much difference. If anyone is driving any of these cars to it's capability on public roads they should be pulled over immediately and have a bullet inserted in their head.