Did some more testing with lr-mame2003 and lr-mame2010 as well and I get through the screens where mame asks you to move the joystick left/right and I get the message:

One or more ROMs/CHDs for this game are incorrect. The game may not run correctly.

When I move the joystick left/right again, the screen flashes and the game fails to load and generates the info in the screenshot.