No, Atari GT board (atarigt.c driver) isn't supported by FBA yet, so Primal Rage doesn't work... the same goes for Primal Rage II (if I'm not wrong, the original arcade board should be based on a PSX hardware).
PS: to see all supported games by the current FBA release it's enough select the options "show available" and "show unavailable" in the "Select game box" (Load game... - F6).