No, completely different setups, but the cab machine is fast enough for it... maybe something in it the game doesn't like?
How do you know the cab machine is fast enough for it?
Does it run all the other model 2 games fine? (House of the Dead, Daytona USA, etc)
I'm assuming you are running it in Nebula's Sega Model 2 Emulator.
M2emulator relies more heavily on your video card than MAME, so I'd start there.
Some people have had issues where their video card didn't support a new enough version of pixel shader, but I think it just didn't work at all.