I'm not sure about the first two, but I can I can tell you that I love having a reset button for the exact reason you mentioned. If I'm trying for a high score in pacman and mess up shortly after the game starts, it's annoying to either have to run out your lives, or exit out of the game and enter it again (changing monitor resolutions twice).
Personally, my Mame panels have coin, reset, pause, and exit.