The cabinet isn't sturdy, but the splice fails with the cabinet disassembled and unmoved - and not under normal play. Under normal play, I've walked the machine out from the wall. I think that's what cut the ribbon.
I had another look at the schematics someone posted who modded their machine, and it looks like I've been splicing a ground. So there must be another wire shorting out somewhere else.
http://forum.arcadecontrols.com/index.php?topic=62024.0
It's not anywhere near a real arcade game, but Clay Cowgill programmed it, so it plays like the original.