I have a gutted Pac cab currently awaiting stripping and bondo. I also have a spare 48-in-1 and JAMMA harness sitting on my workbench.
I keep flip-flopping on whether I should take the easy out or go original.
On the plus side for going 48-in-1 is the fact that I also have a set of misprinted PAC artwork (ghost is purple instead of blue ... my kids think it looks better, I think it has character, so I think we're going to go with it), so it's not going to be a balls-to-the-wall restoration anyway (I don't love the Pac enough for that) and, should I desire to sell it, the 48-in-1 will likely be worth more.
Meh ... enough of me babbling ... I think that all of the options presented are decent.
But, definitely be sure to
check the wiki.