I've narrowed down the issue with Rick and Andy's help, although, I'm not sure what is wrong, exactly.
Rick made a new break out cable, tested it and sent it to me. I installed it and continue to have the vertical and horizontal rolling, along with the picture leaning to the left or right and small black lines about 1-2 mm apart horizontally across the screen.
So earlier in this thread I said that the CPU will not fire with the monitor connected to the VGA plug on the ARCADE card. Andy is investigating this more, here's what I found:
CPU will not fire with monitor in VGA port
Once CPU is started and the Arcade monitor is plugged in, the LCD monitor will not work (no signal)
CPU fires up just fine with teh LCD monitor in
CPU fires up when the VGA cable is connected to the card, but disconnected from the breakout cable
CPU fires up when the VGA cable is connected to the card, but disconnected from the breakout cable and the LCD is connected (LCD works)
CPU does not fire when connected to the breakout cable (I took the cable off the monitor, since we already know with everything connected I cannot get the CPU to fire
So it looks like the break out cable, however, Rick had this working just fine with an identical monitor, this cable and an Arcade card. All pins are good on the VGA cable too.
Anyone make sense of this puzzle?

Eric