Following the adoption of the 500cc formula for F3 in 1949, Cooper evolved the Mark III to use a 500cc (31cuin)JA Prestwich Industries (JAP) single.[1]
The Mark IV came in a standard version (T11) for F3, and long-wheelbase (T12) variant for F2.[1] Standard for the T11 was a 498cc (30.4cuin) one-cylinder Speedway JAP engine.[2] The T12 was powered by a 1000cc engine.[1] The first 500 modified with a 1000cc JAP twin was prepared by customer Spike Rhiando in 1948.[2] In 1949, a model powered by the 1,250cc (76cuin) engine from an MG TD was built, and won on its first outing.[2]Cliff Davis was the most successful driver to campaign one.
Cars were supplied without engines, which the customer provided.[1] (This would become routine in Formula One in later years.) The T12s were best-suited for hillclimbs and sprints, not being durable enough for longer events.[2]
The F2 Mark IV, based on the TD-engined variant, appeared in 1952. It was powered by a 127hp (95kW)1,971cc (120.3cuin)Bristolinline six,[2] giving up 50hp (37kW) to the Ferraris. At just 1,000lb (450kg), they had 400lb (180kg) on the Ferraris, and better cornering, due to their mid-mounted engines. It made its debut in at Goodwood on Easter Monday, run by Eric Brandon and Alan Brown (for Ecurie Richmond) and Mike Hawthorn (driving for Bob Chase).[2] Hawthorn took the Formula Two event and one of the two Formula Libre races,[2] and came second behind González' 4½ l Ferrari in another Libre outing. It marked the first mid-engined entrant in Formula Two,[1] and only the second marque in top-rank European racing, following Auto Union.
Arthur Owen modified a Mark IV with a streamlined glassfibre body and 250cc Norton engine late in 1957. Bill Knight used this car to set five speed records at Monza.[1]
The car was developed as the long chassis version of the Cooper Mk IV design, making it eligible to use in both F3 (with JAP 0.5 L engines) and F2 (with JAP 1.0/1.1 L engines).[4]
Kettlewell, Mike. "Cooper: Forerunner of the Modern Racing Car", in Northey, Tom, editor. World of Automobiles, Volume 4, pp.427–433. London: Phoebus, 1974.