If you're mainly going to play arcade games with it why not stick to arcade controls? Did your Outrun cab come with the wheel and shifter? You should be able to interface those to the PC.
I have the Logitech Driving Force wheel for PS2/PC (non-pro version), a Thrustmaster NASCAR wheel, and a Mad Catz Andretti wheel. I also used to have a Sidewinder Force Feedback, For playing arcade games, the Mad Catz wins. The spring tension is kind of tight, but it has buttons you can actually reach (unlike the NASCAR wheel), but both of the last two are simplified enough to feel like an arcade control. The super-ergonomic wheels and resistance of the motors when they're not working kind of ruins it for me. For PC games that support force feedback it's a different story.