You have Game King 4.0 software. If you want to upgrade to GK 5.0 to have access to even more games, you will need a 5.0 Set which uses Simms and eproms. You will need to buy a multimedia lite board that uses Simms instead of eproms, which is what you have.
(I'm sure there's a post somewhere on the site with all the games that come in GK 4.0 vs GK 5.0)
If you want to go to gk 6.x, then you have to upgrade to 044 platform (new motherboard, MPU and the software in a flash board).
Using key 17 will allow you to change the games. Basically you assign different games to different denominations. You must do this with 0 credits on the machine, otherwise the key chip will not work.
Using key 22 will clear the ram as well, so you will need to setup other things like accounting denomination, SAS setup, and cash devices.
Key 40 is used for 3902 using legacy board, so I don't think key 40 will work for you.