I actually learned how to do this by playing the aircraft carrier landing simulator game that was at the USS Intrepid. It's a little more fleshed out but the speed range and altitude is roughly the same. The simulator gave you a light indicator to assist with your approach.
So it was pretty much an arcade port of the NES game? The procedure and numbers are so different IRL that I find it hard to believe someone else would have come up with an almost identical minigame.