Speaking of Metal Slug, Gunforce 1 and 2 are other spiritual prequels to that game (especially 2) and might fit as cyberpunk for you - or at least sci-fi (they even have some screams that were later reused in MS)

I would say that Strider fits cyberpunk. Osman is a similar game and might also fit

Not sure Numan Athletics would fit, but I can totally see it as "official sports in a cyberpunk world"

Undercover Cops has a very gritty aesthetic (also reminiscent of Metal Slug) and the first boss is a cyborg.

Something to note is that a lot of sci-fi in Japan in the late 80s and early 90s started to mix with magic and demon stuff, or some sort of alien biotech, it's very easy to find examples of that in anime and games (like contra 3), but these themes were rarely consistent through the entire game, it was more common to find a bit of everything thrown together

Not arcade, but Neon Inferno might be worth checking out

GunForce (Irem) maybe can fit

I think it's because cyberpunk was an emerging genre at that point. Neuromancer was only six years old in 1990. Snow Crash wouldn't be out for another two years.

Cyberpunk also represents people's worries and fears regarding capitalism and what society will look like if it continues in the current trejectory, those fears weren't as pronounced in the 1990s.

E-SWAT and Crackdown come to mind immediately. Gain Ground. Contra. Atomic Runner. Bionic Commando.

I'd recommend checking out some sort of catalogue of arcade games. You're right, cyberpunk was big with gamers in the late 1980s, and there were dozens of games that had at least some cyberpunk theming.

It depends very much on how strict you want to be. I'm not familiar with Cyber-Lip, but from screenshots it doesn't look that much more "cyberpunk" to me than Two Crude Dudes. I would call both of them more "futuristic urban decay", which I admit is hard to differentiate.

Metal Slug was made by Nazca, a former Irem team that did GunForce 1&2.

2020 Super Baseball has cyberpunk like elements to it. I'm not sure you'd like it though unless you like arcade sports titles.

Maybe Check out Shadowgate or Syndicate while you're at it.

I used to love Syndicate.

The Alien v Predator arcade games are surprisingly cyberpunk in the level art at least. It seemed to pull a lot of aesthetics from the Aliens series.

I'm not certain of the timeline but my impression was that cyberpunk was mostly limited to books during the arcade era. Like, they made tons of scif arcade games but they were generally inspired by the earlier stuff cyberpunk was also riffing on/rebutting.

It is funny that both genres were big at the same time but I wonder how much crosstalk there was between the two groups. Cyberpunk authors were definitely inspired by arcades, arcade culture, and the games themselves but I'm not sure if they'd hit the level of cultural suffusion necessary to reach the inside of the game companies before the industry started to shrink.

I have never heard of Cyber Lip, the art looks very cool!

The Terminator 2: Judgment Day rail shooter might also fit.

Incredibly, I was trying to think of others and the one that came to mind was the Aerosmith game Revolution X. Then I came back here and you also mentioned it! I can’t even remember why it was cyberpunk, but it did come to mind.

I don’t know if this exactly fits, but Smash T.V. is a dystopian future TV show.