That is because you modified the drivers for your plug and play monitor, not the Arcade monitor which in this case would be a windows default monitor. Here is what I did to fix it.
1.Remove the drivers for the video card, uninstall powerstrip if you had it installed, *IMPORTANT* when you reboot the machine, do so with NO monitor plugged in. Just wait until you are sure that the computer has finished loading, and then you can plug it in. This way it does not install any drivers for the monitor, and uses the default ones.
2. Reinstall the videocard drivers, and powerstrip if you need it. Go ahead and add the resolutions in powerstrip, and when it prompts you to restart, remember again to unplug your monitor.
3. When it boots up, go into the powerstrip preferences and uncheck the box to start with windows. Now close powerstrip, and use Ultimarc's Quickres tool to switch to that resolution. If it works, go ahead and reboot windows with the arcade monitor plugged in and it should boot right back up into that resolution.
Remember, don't let windows see that plug and play monitor and you should be fine!