There is a ColorDMD in my Ghostbusters but I am genuinely contemplating swapping in the pin2dmd from my virtual pinball days and creating a project for it because I can definitely see a few scenes that could be improved and a bit more polish added
That's my take on it, but I am a bit biased as a pin2dmd artist and have already invested a lot of time in various projects. I say go for pin2dmd; if you end up not liking it you will easily sell it on, if not to someone here then someone in the virtual pinball community will take it off you, and you can put the proceeds towards a ColorDMD.
There is a project available for TSPP from vbobrusev over on VPUniverse; you would need to send him a small donation, but his projects are usually pretty solid I believe.

There is a project available for TSPP from vbobrusev over on VPUniverse; you would need to send him a small donation, but his projects are usually pretty solid I believe.