Sounds like Fireball.

http://www.hotcat.org/fbc/

> This is a description from a friend of mine at work who is trying to remember
> the name of this pinball game so she can try to find it for purchase.
>
> "I played this game in the early 70's and it was an older machine then. (Other
> games around at that time, OuterSpace/Orbit, Zodiac)
>
> When you started off, you had to pull the "plunger" back an exact amount so that
> the ball would go up to the top and then reverse direction around some metal
> rails to score 7000 points (not sure the amount is right, but it was something
> like that).
>
> There was a capture hole on each side of the play field where it would capture
> up to 2 balls, one on each side. Then when you did something else, I can't
> remember what, it would release the 2 balls in addition to the one that was
> already in play. I think it was the only multi-ball game that I can remember in
> that era.
>
> It had a red rubber disk in the center that would spin and disrupt the path of
> the ball. I don't think it was spinning during the entire game, but I'm not
> sure. I think the flippers also opened & closed when you hit a mushroom."
>
> LazerTag
>