There are no production games called "Single Coin" - they are modified (usually) Bally six cards.
I'm guessing this is a 1970s model since there is a c button on the lock bar to press.
The typical operation is such that the user presses the C button, the search discs turn, and when three or more relays are engaged at once, the search index relay pulls in, stopping the search disc at the point where the user has a winner. The backglass will flash double or nothing, and the user needs to press the D button for a chance at double or the R button to take the regular amount of replays.
These single coin machines were changed in many different ways from the standard method of operation. Looking at the photo, I know a couple of machine that it is not, but I don't recognize what machine it is right off the bat. Are there 28 holes on the playfield? This will help me to pull the right paperwork for review.
Shoot-A-Line was the only 28 hole machine, and the scoring works a little bit differently than in other games. There is also no D or R button side by side on the left, only an R button on the right.
Disabling the timer stepup in that machine can cause other problems, potentially. Knowing the game I can advise for sure.