Newer version are more accurate. Older versions are faster.
In
general, yes; but details may differ game to game, and PC to PC, and exact mame version to exact mame number.
Example: on rastan on my work P4 or personal laptop PM with same settings, the speed basically did not change between mame 0.37b15 and 0.106 (~325 fps), and
jumped UP from 0.107 to 0.114 (~360 fps). On my desktop athlon64 at home, however, the chart was very different (and more "normal"): the trend was
generally downward with the same settings, but had a hew cases where the speed increased with the next version(s). One thing I noticed was if I used the default settings of the version being tested, even on the P4 & PM the chart was more "normal". (Note that rastan was the except of the raster games I tested, though.)
Let me see if I can dig up the charts (the benching was done when 0.114 came out).