To get ground to the board it would definitely require changing the design a bit more.
indeed. I was helping everten wit the circuit on his F3 Stereo board. and I'll point you to the same link I pointed him:
https://electronics.stackexchange.com/a/12205
I think the key is that you need to understand the difference between "balanced" and "unbalanced" audio.
essentially:
unbalanced audio uses ground for the negative (usually) audio pin.
balanced audio outputs a wave form on the negative pin that is inverted from the positive pin. (so if the positive pin is 5V then the negative pin would be -5V and if the positive pin is 1V then the negative pin would be -1V, etc.)
The benefit of a balanced output is that since the "ground" reference point fluctuates with the signal it naturally eliminates any hum or noise generated by other components in the same electrical system.
Some JAMMA boards are blanaced, others are unblanaced and simply have the speaker - tied to ground.
I've also seen some weird setups with speaker + tied to ground and speaker - outputting the inverted wave form.
Some Taito hardware, including G-Net and the FX-1 hardware (both ZN boards). Do a really NEAT thing with the audio to get Stereo output on the JAMMA edge. In that the speaker + is the positive wave for one channel, and speaker - is the inverted wave of the OTHER channel. The result is that on a mono cab the two wave forms naturally merge into mono sound. however in Taito cabs designed for this output config (such as the Egret 29, and Egret II) they tap ground from another pin on the JAMMA edge and then feed the speaker - and speaker+ to the appropriate pins on the left and right channel, so you get stereo sound over JAMMA without any special wiring.
Despite G-Net and FX-1 hardware doing this, it doesn't seem to be the case on NON-Taito ZN mobos, so they must have some audio wiring differences, at least in regards to the JAMMA edge.