I have seen that done quite a bit.
Good candidates include
all vectors
70s black and white titles (many are really rare, and boardsets are largely unavailable for these games).
Anything with a $200+ boardset.
Games like Berzerk with battery acid issues.
I personally own a Defender that this has been done to. I will be going that route with my Amazing Maze now that it has been "de-mamed".
I also own several other possible candidates for this (Sprint 2, Stargate, Atari Basketball, Battlezone, etc).