I think you are referring to the decay of the sound. The room design also plays a role so different frequencies can decay differently. It's hard to tell if the speaker cables can affect the "speed" of various frequencies differently, like you said this is in the order of milliseconds, before sound production. Yet cables, just like all other components, do have the fast and slow characteristics.
Slow speaker cables?
Okay, so what's the deal here? What are you hearing that makes a speaker cable slow or fast? I don't get it. You tellin me that with fast cables, the kick drum is right on time, and with slow cables that it's just a fraction of a millisecond behind, and you can hear that? Huh!?! Wouldn't a slower cable slow all parts of signal down, not just one part? I don't get it.