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1.) I would go with Bilstein HD or Koni.
2.) Exactly what went into any model Volvo at any point in time is anyone's guess after 10 years, but I have (At least I think I have, it's on the Mulroney sticker) the optional sport suspension on mine, and the factory bars and springs seem to be factory color-coded with yellow paint swabs on the springs and factory stabilizer bars. One front strut was replaced under warranty, my recall is that it was just a standard black 850-70 front strut. BTW, I replaced the front spring seats at the same time, they're relatively cheap, easy to replace when everything is apart and tend to fail about 2 months after you change the struts if you don't.
-BTC
'98 V70 T5M, 154k mi, front IPD stabilizer bar, rear factory HD bar, Bilstein HD, Volvo strut tower brace and skidplate, e-codes, V-1, Mobil-1 since new
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