Honestly, this arcade system thing is a weird idea. You either have pre-Famicom things that are mostly curiosities, or upgraded versions of Famicom/NES games (Punch-Out has the best case for existing out of the lot). Nintendo's arcade showings are totally shown up by NeoGeo's, which are also available on the Switch.
If Nintendo DID decide to put more recent arcade games on the Switch, you have possibly the Cruisin games, if Nintendo still has the rights to them, a few cut-down versions of Mario Kart, a Donkey Kong Jungle Beat spinoff, and a Luigi's Mansion rail shooter.