Thank you SlyBlueFox.
I ended up sorting everything out. The biggest problem I had was the switch for the trigger was soldered to the pcb and I was having a hard time deciphering what was ground. I know I've read about common grounds in the guncon but it was just a little over my head.
I ended up using another arcade button microswitch for trigger since the terminals were easy enough to set up a main and ground wire. I then used the lead wires coming from the bottom button and the two wires coming from the single side button shown in the image above for my two other buttons.
Soldered all the wires appropriately and now my Aimtraks are functioning beautifully and I have been playing T2 and Lethal Enforcers non stop!
The challenge right now is getting DemulShooter working with the M2 emulator.