I have a MAME project I did about 15 years ago with a multisync arcade monitor I put in a gutted Gauntlet Legends cabinet I found at a local operator which turned out to be very clean. Used new arcade controls and Ultimarc 360s in the P1 and P2 spots so they work with a large variety of games (2-way, 4-way, 8-way, analog). Also used an old computer 2.1 amplified speaker set with the amp powering the orginal large arcade cabinet speakers and the sub in the bottom.
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This thing is my shrine to CRT technology now. It's pretty sweet.
Even so, there is nothing like playing an original arcade cab for a lot of games, if I had the room I'd run a row of the classics like Donkey Kong Jr., Tron, Robotron, Tempest. Ah, who am I kidding, pinball always wins the space wars...