I copied this from the Ultimarc site for you:
"The I-PAC2 has 28 inputs. They are all programmable and are designated as 2 joysticks, 8 buttons each, plus coin1, coin2, start1, start2. One of the inputs is assigned as a shift key to access an alternate code set."
The Minipac is basically the same but with trackball/spinner inputs too. My advice is to get the Minipac for the board with the trackball/spinner. Minipac can also be bought with the correct wiring sockets for either Happs or Ultimarc trackballs.
The I-PAC will do you fine for the other board. Of course there's nothing to stop you using a Minipac on that one too and you have the option to use the trackball/spinner inputs at a later date if you choose to. The Minipac is about half the size of the I-PAC due to the way the wires connect to the boards. I wouldn't say either of them is "easier" to install than the other unless you were really cramped for space.
I'm not too sure about the buttons. Can't comment on them really.