To me, this is a no-brainer. Go with the AMD processor and ECS board.
I have two Midway cabaret cabinets running MAME -- one Rally-X cabinet with a horizontal monitor and one Pac-Man cabinet with a vertical monitor. I purchased the AMD/ECS combination you list above to power both systems. I am VERY pleased with the performance.
I had been powering these units off of some old P4 systems (1.4 Ghz and 1.6 Ghz) that were doing an OK job, but that processor/board combo price was just too good to pass up. I have been a huge fan of the AMD-based systems and despite my concerns about using a non-ASUS board, everything worked out just fine.
The vertical unit has 512MB and an ArcadeVGA card running through a 13" arcade monitor. Most of what I am running on that system are older games like Donkey Kong, Pac-Man, etc. However, newer "shooter" games like Raiden and 19XX run at full speed with no issues.
The horizontal system is a slightly different story. I am also using 512MB in this unit, but I elected to use a 15" PC monitor along with a GeForce 4 4600 card. The reason was that I also wanted to throw in some arcade-style PC games like NFL Blitz, Pac-Man Adventures in Time, Frogger 2, and Dragon's Lair. Just like the other systems, no problems with running any of these titles at full speed.
I'm not into fighters, but I would imagine that they would run OK considering how efficiently everything else seems to be. I could try running some of those games on my rig and let you know how the performance is. I probably won't get to it before this weekend.
Remember, the CPU in this bundle is OEM, so there is no heatsink or fan. I found some nice Gigabyte heatsinks at my local Microcenter for $12 each.