Most games are normal IDE hard drives. The MAME CHDman tool can actually create a brand new arcade drive by using a blank HD.
Depending on the game it will work with any IDE drive, the known exceptions are Killer Instinct(requires a certain model laptop HD...however if you install boot ROM 1.5d you can use any drive), and Killer Instinct 2(same as KI1 except no known workaround). There may be more, but I don't know about them.
I myself have restored a dead Area51/Maximum Force duo game by buying a new HD, connecting it to my PC, and using CHDman to write the data from area51mf.chd to the new hard drive. The game now works great.
I've heard from others that most of the later Midway 3d games(Blitz, Rush, etc) will work with any drive. I've dumped my Blitz99 and Gauntlet

ark Legacy drives, but haven't made a copy of those.