are you using direct3d or directdraw video mode in the mame32 Display settings?
'properties for contra.c' would change all the games which use the contra.c driver in mame, which in this case would be all the contra clones including gryzor, so it would allow you to change properties for all of those games at once, as opposed to changing properties for just one game at a time when u just choose 'properties' (instead of 'properties for contra.c')
'switch resolutions to fit' is a feature in mame which tells mame to use one of the several different resolutions available in windows to display the game (some people have hundreds of different resolutions at hand in order to display the huge amount of different resolutions found in mame). if you disable this feature, then, when mame runs a game, it will only use whatever your current desktop resolution is set at (eg. 1024x768) to display ALL games.
if you dont want to lose any parts of the screen, use the direct3d video mode in mame32, and disable 'switch resolutions to fit'. all games you play will now fill your entire screen (vertically at least.. horizontally, perhaps some black borders on the left and right).. however, to achieve this, mame will apply stretching/scaling of the image. this bothers some people, others dont care.
edit: i just noticed u say u are using an arcade monitor? i was assuming you were using a regular pc monitor. would need more information then. what os u are using, which version of mame, what other software are u running, and what hardware (video card). how are u connecting the arcade monitor to your pc, what are your arcade monitor specs (if not sure, what model is it), and what you hope to achieve in the end (eg. 1. every game in mame looking perfect and how you remember them in the arcades, or instead, 2. just get everything to fill the screen, and not bothered about some stretching/scaling) ... if 1.. perhaps an arcadevga video card would make your life easier. if 2. perhaps just use a pc monitor instead of an arcade monitor. you'll see less visible stretching/scaling on a pc monitor because it can handle much higher resolutions as opposed to arcade monitors (low res arcade monitors look awful when scaling/stretching is applied. its just too noticeable. you could use an interlace mode on the arcade monitor to help reduce the visible scaling/stretching, but a lot of people dont like interlace mode due to the often excessive flicker for one thing)