Thanks for a all the comments/suggestions.
I have mame32 and wasn't able to find the setting for number of screens, hence why I asked the question. Still don't see it actually.

Right now this is just in the idea stage and I haven't even tried out any driving roms to see what they would be like, but from the responses here it doesn't seem to be worth it.
Pretty much right now the game works, so it isn't a question of restoring it or mame, but it is a massive cabinet and does take up a lot of room, more than I would like for one game that isn't that great. I have been considering selling the game, but the 25" monitors are awesome and have been thinking about other things I could do with the entire thing or just the parts. Sorry if that offends anyone.
My other thought is possibly putting into 2 xbox's and networking those. That would be really easy to do, I'm not sure about the controls yet, but then would I need two copies of every game I wanted? Sort of defeats the purpose.
Just throwing some things out there and trying to get ideas from people who have more experience at this stuff than I do.