I use 3.03 and haven't had any stuck water works issues. There aren't many major gameplay changes from 3.01 tho so do what makes you feel best.
I'm curious about the 3.2 ROM tho. It has alot of improvements but apparently crashes? Does anyone run it?
CPU Release 3.20
Date July 25, 2006
Changes from CPU v3.03
----------------------------------------
- Fixed crash when Free Money mode ran with a broken Bank door sensor
- Slight improvements to Chance saucer eject
- Fixed display effect for Railroad count
- Multiple display improvements to Electric Company display
- Fixed Chance to avoid awards that can't apply to player
- Multiple improvements to Waterworks driver code
- Improved autoplunger kick code
- Fixed bonus X advance off inlanes when bonus was at 5X
- Fixed scoring on cop target when multiball interrupts Board Chase
- Fixed Special to show Extra Ball correctly if the operator has
adjusted special to give out Extra Ball instead of a credit or score
- Fixed stray flasher in game over lamp effect
CPU Release 3.03
Date June 18, 2002
CPU ROM
moncpu.303 checksum $5EFF
* THIS VERSION REQUIRES DISPLAY VERSION 3.01 OR HIGHER *
Changes from CPU v3.02
----------------------------------------
- Slight fix to switch scanning on bill validators to handle switches
correctly when balls are missing from the game.
CPU ROM
moncpu.302 checksum $5EFF
* THIS VERSION REQUIRES DISPLAY VERSION 3.01 OR HIGHER *
Changes from CPU v3.01
----------------------------------------
- Changed waterworks driver to always run the motor in a counter-clockwise
direction. This should help games that can't lift the ball out of the
hole when the flipper rotates clockwise.
- Game will detect a blown F21 fuse correctly and display an operator warning
- Fixed HSTD resets to show proper tokens on 10-letter HSTD initials
- Fixed Land Grab bug where specials were awarding on the outlanes and
rotating on the slingshots during the collection and total phase.