I ended up buying the T'ball from ulitmarc and used a mouse hack to turn it into a PS/2 mouse. It worked fine.
I screwed up with my CP design, as the angle of the CP is on too steep an angle, so the t'ball doesn't sit on the rollers properly when you spin it to the right....

So I'm going to rebuild that CP eventually

(it's on a cocktail machine).
As far as size goes, it's not too bad. It's the size of a cueball, so it's not big as Golden Tee or those games, but it did the job for me.
As far as the mounting plate not being visible, I'm not sure how the arcades do it, but you could just recess the plate into the wood, using a router.. then it would be flush with the CP.