Transformers are pretty tough and hard to kill (unless someone overfuses them). When they are bad, they either smoke, blow fuses, or do nothing. I'd say 93.467% of all arcade threads that start down the path of "my transformers bad, where's a new one?" ultimately come back to incorrect techniques of measuring the transformers windings or multimeter issues. Unplug the transformer connector from the pcb and apply power, you should have 120vac between pins 1 & 3, and you should have 18vac on 4 & 5. Remember AC doesnt have a GND reference, you are measuring AC volts between the wires. Thats all you need to test and verify the transformer is good. The 18vac might read a bit high since its not under load.