I'm unable to run Gauntlet Legends consistently at 100% on my 6700k@4GHz, in game it's at 100% but the speed oscillates a bit during transitions etc.
I used -triplebuffer -nowaitvsync -nosyncrefresh. Also did a quick test with standard MAME with gauntleg, and it seemed to perform similarly.
Edit:
I noticed the 199% speed thing as well on the 6700k, I have no idea what's going on. I also benchmarked the G3258, and it probably should be able to run the game at 100%, at least in gameplay, since it was able to run it above 100% speed consistently (see plot).
Edit again:
Regarding syncrefresh, try using -video d3d -nosyncrefresh -waitvsync, this worked for me. I was able to play through the first level without any noticeable drops!