An arcade monitor is much lower resolution than a PC monitor. You are limited to about 288 vertical lines. They also run at 15Khz, instead of 31Khz. Small text would probably be illegible, but for games, they really do look like the real thing.
If you are new to Arcade Monitors, and want to use an Arcade Monitor, in your cab, the easiest way is to buy an ArcadeVGA card from
www.ultimarc.com. It has 15Khz out, and you can even load windows on it, plus it has special video mode drivers, to work with arcade monitors, for common MAME and other emu modes. It is probably one of the safest ways of connecting an arcade monitor.
As for color inversion, this circuit should do the job. See
http://www.arcadecollecting.com/info/Nintendo-color-invert.txt for details. You need 3 LM318 Op Amps, 9 resistors, and to connect to your computers -5V, +12V and -12V lines from your power supply.