Wow, that free cabinet gets better and better.
It is most likely the Z80, or the interconnect cables. You can easily replace the Z80 chip (make sure you get the right version). Also try reseating the cables.
This is a VERY common problem in MCR games (Spy hunter, Tron, tapper, etc...) Searching google's arcade groups gives a wealth of information on this topic. Make sure you search for only "Sound Board interface error" So you get the results from all MCR games.