8 way classics, it was on top.
Dustwashers, like plexi over the CP, didn't show up until the "lets slap this crappy game into a classic cab" era.
All the dedicated classics had the dustwashers below the panel.
Ikari Warriors, Victory Road, and Guerilla War all had dust washers on top. In fact, it would be impossible to mount them below without performing some sort of hack, because the base of the LS-30 is flat and fits flush against the underside of the metal CP.
Here's a quick list off the top of my head:
1942, 1943, Berzerk, Bosconian, Circus Charlie, Cloak & Dagger, Crazy Climber, Discs of Tron, Gauntlet, Gunsmoke, Gyruss, Jump Bug, Jungle Hunt, Kangaroo, Rampage, Robotron, Scramble, Smash TV, Street Fighter, Super Cobra, Super Zaxxon, Time Pilot, Time Pilot '84, Tron, Up 'n Down, Vanguard, Venture, Xenophobe, Xevious, Xybots and Zaxxon.
Even the Neo-Geo, PlayChoice, and .vs cabinets shipped with them underneath.
You are wrong about PC-10 and VS. machines. Those came with metal CP's and the joysticks had a plastic plate that sat on top of the base of the joystick with a raised circular section in the middle. This circular section fit up through the joystick hole in the CP. On top of that raised circular section sat the dust washer. Not only is this not "underneath", but the dust washer actually sits a little higher than most top-mounted dust washers, because it sits on the raised plastic which is a little higher than the level of the top of the CP. The same goes for other metal CP Nintendo machines, such as Punch-Out.
Also, the wooden CP Nintendo machines (DK, DK Jr., Popeye, etc.) had both top and bottom mounted dust washers, not to mention plexi CPO's.
Edit: BTW, it looks like Rampage had top-mounted dust washers too - [
link]. There may be more but most flyer pictures don't show a good enough picture of the CP to tell.