the u360s do work great as a universal stick. from what i can tell, they are only real option if you want a single stick that can do everything well, without anyone having to switch anything. you just walk up to it, launch the game, and it just works the right way.
however they are not cheap, and if you are worried about people playing rough with the cab, might not be worth the risk.
the other option would be to build two bartops

i'd do one with a horizontal monitor, 2 8way sticks and a bunch of buttons, and a second one with a vertical monitor, 1 4way stick and a button or two.
the 4way cab would have a much smaller set of playable games, but most of the good classics would be playable on it.