Hi,
This is my first post here. I'm new to the arcade cab hobby, but I think I know what your problem is.
I just bought my first cab. The guy I bought it off of warned me that there were some problems with the monitor. There was a "wave" in it. When I went to look at it the wave wasn't too bad, but there was a vertical fold just like you are showing in your pic.
I bought it anyway (the price was too good). I played around with the adjustments on the remote board for 2 evenings, but I couldn't get things any better. In fact, things were much worse. Now, everything was so blurry that I couldn't read any text on the screen at all. After doing lots of reading, I came to the conclusion that it wasn't just a cap kit that the monitor needed. It probably also needed a new flyback transformer.
So, I was all ready to tear my cabinet apart and remove the monitor so I could get it repaired. Then I found out that there are 2 more adjustment pots on the flyback transformer. I barely even touched the "screen" adjustment pot and my problems have completely gone away (for now). Well... I take that back. When I first turn the game on, there is still a very minor wave for about 5 minutes. Once it is warmed-up, the monitor looks like new. I didn't "fix" my problem, but I did probably buy myself a couple of months.
I would say that your monitor needs a new flyback. Try to adjust the pots on your flyback first though. I needed a mirror to find the adjustment pots, then another mirror to see the screen as I made the adjustments. Just be careful where you are poking your screwdriver back there!
Edit: BTW, I have a Neotec monitor, so it isn't exactly the same as yours. I would imagine that they are all pretty similar though.

Ron