if i was you, i would take the cp off, make my own. 7 button player 1-2, 4 button player 3-4. , jpac (no wires), ipac or minipac (if you want a trackball)(leave the old wires hanging in there). Have printed a modified original control panel overlay. make a frontend with a xmen theme.
it would be sweet
(leave the old cp on and just get a jpac and play 3 button games if you dont want to mess with anything)