I have almost completed my conversion of a nonworking NARC to Mame (will hopefully update my project page soon), with everything up and running and just doing some final setup and cleanup. In the testing I have found that I am getting some ghost key presses. I had this almost identical setup in a 'temporary' panel for over a year and never had a problem.

I hoping people can point me in the right direction of what to check so I don't waste to much time trouble shooting.
Here is hopefully all the relevant information
1. IPAC-2 PS/2
2. 2 joys/w 7 buttons, 2x coin, P1/P2 start, ESC and Pause
3. Happens at least one time a game in 1942 (random loop) or other shooters where a bomb is randomly released. Did not notice a problem in NBA Jam or TMNT.
4. Windows XP
5. Stripped CAT 5 for the wiring (new to this setup)
6. All noticed random presses have been P1 B2 except one time it was Pause.
So far I have:
1. Resaved my configuration to the IPAC
2. Made sure P1 B1/B2 wires did not have contact.