Let us know where the gray and white wire lead to and how they are connected to the JAMMA harness.
Looks like it's syncing fine now though, but just so we know ahead of time.
I would start by turning the contrast and brightness about halfway, Adjust the SCREEN on the flyback until there are no horizontal lines and any black areas of the screen actually look black.
Have you adjusted anything on the neck board that plugs into the tube?
Take a look at the neck board controls and see if any of those are cranked up.
These control the RED, GREEN, BLUE guns.