+5vdc running unnecessarily high is a common overlooked issue for early Bally games. On all the bally driver boards there is an 100 ohm resistor across two legs of the regulator. If you cut this resistor out, the voltage will drop down a quarter volt or so, sometimes more.
Every voltage regulator is a little bit different and most do not need this resistor. If your bally driver board runs over 5.25vdc, I would cut out R49.
Here is an extreme example. First pic, R49 in, 2nd pic R49 lifted.