I just picked up an Ultracade Cabinet. It works fine for most of the games but for some of them, once the game starts, the screen displays mostly wha tI would call horizontal partial lines.
The youtube video link is the best way to explain what it is doing, which is the game starts up, you can select a game, it goes into the instructions for the game controls but when it starts the main screen for the game itself, the screen is a bunch of moving partial horizontal lines. This happens on some games, but not all. I know that it happens with all of the Williams games like Defender, Joust, Mario Bros etc as well as the Golden Tee games. There are other games as well, but many games work fine.
Here is the link of the video that I shot that shows the actual game doing it.