N-terminal N-hexadecanoyl-L-cysteinyl-[protein] + CoA + H(+) => N-terminal L-cysteinyl-[protein] + hexadecanoyl-CoA
n-terminal n-hexadecanoyl-l-cysteinyl-[protein] + coa + h(+) => n-terminal l-cysteinyl-[protein] + hexadecanoyl-coa