Yeah.. I was thinking about this same issue.
I am working on a 4plyr panel, but only have 2 coin slots.
I was going to wire the 2 coin slots as '5' and '6' respectively,
then realized that there aren't a whole lot of 2plyr games out
there that required coins in a Plyr1 or Plyr2 slot.
There are a few but not many.
So, I ended up wiring both coins to work as '5', and then
have the Credit button for each player on the panel.
(mostly for 4 plyr games, simpsons, turtles, etc...)
I cant really see a way to eliminate all the credit buttons on the
ctrl panel unless you have the same # of coin slots as you have
'Players' on the control panel.