I have that same cabinet model in my house except that it has black T-molding instead of red and the speaker grille wraps up over the bottom 1/3 or so of the marquee area. I picked it up at an auction. Someone had converted to "Gigawing". No idea what the original game was. I think it has a sticker on the coin door that has "1992" so I assume that's when it was made. The control panel was really hacked up but I can tell it was originally 4 players with (I think) 2 buttons per player.
The same cabinet was also used for Golden Axe: The Revenge of Death Adder