Connected my test board which has a set of switches (Poor mans test rig) which is now JAMMA and homebrew JAMMA to Konami adapter. Applied 5V to the appropriate bits and pieces.
With a logic probe checked for activity on Konami-1 Pin 42 (A12) and it's pulsing, checked Konami-1 Pin 19 and it's HI so nRESET=1, i.e. running
Checked pin 16 of Konami 082 Custom at B6 and it is pulsing. Pin 16 is nVBLANK used to drive the periodic interrupts.
All good so far..
No monitor connected but attach scope to SYNC...
Signal shows nHBLANK Pulses and a long LOW during VBLANK.

Interval between nHBLANKS is 15.9kHz... seems good to me and shows most of the video count logic is working.