Intuitively, one would think it will defeat the purpose. If the cheap cable was to take away anything, there would be no way to put it back. However, since you are dealing with cheap cable, it would not cost much to give it a try and revert back to the original state if things don’t pan out.
Keep in mind that the term cheap has different meanings depending on how deep your pockets are. Have you considered Ali Express cables? They seem to be over performing their price.