BKO this is the Jamma standard although those boards do have variations in the low pins, Mikeosoft is indeed correct about them being different. I put this diagram up purely as a reference to show how you would hook it up for your application.
These are your power connectors. They are usually hardwired together on most boards but I would check anyway. You may only need one ground each side, one +5 each side and one 12 volt each side. -5 volt hasn't been used for years. It was there to go with the +12 to make 17 volts potential to run the real early 18 volt amps only. Each side being "Solder side" and "Parts side".
Keyslot means Keyway, A plastic keyway is in the plug to prevent you putting the connector on the board the wrong way.
Coin counters are +12 volt switching outputs to drive the 2 coin meters. There is one output pulse on the output to suit which side coin switch was made. This can be changed to suit denominations like a $1 coin can be made to give 10 pulses to the appropriate coin meter. This is done on the game board.
Lockout coil is a +12 volt supply to drive the lockout coil that has a bracket to make any coins reject instead of going through the coin mech and into the cash box. When the machine is on, +12 volt is supplied to the coil holding the bracket out of the way. Machine not on = no power so all coins will reject.
Speaker (-) and Speaker (+).. You may want to hook up your machine sound speaker to this because the board as with all arcade boards has an amplifier suitable for driving a 5Watt, 8 Ohm speaker.
N/C and N/C are usually converted to become Speaker2 (=) and Speaker2 (+) for boards that have twin amps for the two channels of stereo. Most late boards and late Jamma harnesses have this. Not real sure about these boards, Have a look and see if it has 2 amps on the board.

Video green, video red, video sync, video blue and video ground are used to drive the arcade's picture tube of which you aren't using as you want to run normal T.V. monitor. You could use these outputs if your monitor has a VGA plug on it and the monitor is happy to run on an NTSC signal and most importantly can handle 5 volts point to point signals. This last point is where most people get it wrong resulting in bad overdrive of the 3 colours on the screen. You can adjust the colour's drive voltage by putting resistors in each line to drop the voltage so it doesn't pull the colours fully on. Even dropping the monitor's brightness is not recommended as you will eventually blow the monitors colour inputs. Be very aware of this problem BKO. I would just hack into the console's AV cable and grab the Component or Composite leads before they get to the board, put some connectors on them and just plug them in the monitor. It is a lot safer as the Xbox's video drive voltage is designed with T.V.s in mind.

Tilt (SLAM) switch is a switch mounted to the coin door that sends a reset signal to the game board. This is to prevent hitting the coin door and getting the coin switch to possibly bounce and give unpaid credits.
Test switch is for putting the game board into it's menu for operator game and coin adjustments.
Coin switch #2 and Coin switch #1 go to the coin mech switches. The other side of the switches are ground.
These are all pretty self explained. There must go to normally open switches and the other side of the switches are all common grounded.
The N/C positions are usually long converted to the other 3 buttons used on most modern games but this is also where the variation of these boards pinout varys. Hopefully your board will have the correct data to suit it. If not let me know and I'll dig my data up and include the variations. A bit of advise would be to get yourself a NEW Jamma harness avaliable from either the place that you get the board, (Hong Kong) or one of the many arcade suppliers in Melbourne. Bumper Action has them at a realistic price. Should be between $10 and $20 but that will save heaps of time making the harness from scratch as I did in the bad old days before harnesses were pre-made and completely colour coded. Good luck aye. Let us know how you go. Very interested how you go and would love to see some progress pics.