I just poked around the ROMs for all three games and noticed that (at least in MAME ROMs) all the Teeter Torture file names match those of Venture perfectly, although the later has almost twice as many, while Pepper II's are named totally different than either.
On the face of it that seems to bode well for a simple ROM swap with Venture, although I guess I'll only know that when I or someone else tries it. There of course is the whole issue of Venture's joystick vs Teeter Torture's spinner, being a total newbie/wannabe I have no idea whether circuitry needs to be added to the PCB itself or if encoder wheel signal can simply be piped into the joystick inputs? Regardless it would be damn rewarding to see a PCB boot up to TT's attrach mode, even if I couldn't actually play it!
Time for me to start hunting parts I guess