Quick update on this guys just for future reference...
Went into the VMMaker config and changed "VGA" to "CUSTOM", ran VMMaker and it generated approx 100 new modelines.
Then went into my mame config file and set monitor to arcade_15, shutdown pc.
Connected jpac inbetween pc and 15k source switched on and voila!! stable picture on windows xp desktop and maximus, launch game and play!!
Nearly all of the games i played so far seem to be centred...all different sizes of course so I have tried to use the largest at the mo as my "screen filler" and the smaller ones go down from there.

Still running 149 here, just a thought....What would i have to do to update to 151, would it been a pain to update?