I have noticed that there ARE differences, but that they do not seem to correspond to price, etc.
Fiber optic, IMO, is the best, and the cleaner the optics, the less distorted the signal , so theory would go.
But I do notice that, even my $20 Monster Toslink outperforms my $200 "digital" coaxial cable.
The cheif designer of Musical Fidelity products swears that ANY transport will do when using digital links to the DAC! I am not an expert, but I did notice that my Panasonic DVD player soundes better using the Toslink than my Rotel does via the coax digital. This is odd, since the Panasonic set me back around $70.00, and the Rotel about $450...USED!
In Rotel's defense, however, I simply LOVE their DAC (RDP 980). I have compared it to a few others consting WAAAY more, and the Rotel seems to hold its own NO PROBLEMS!
Water dripping sounds, drum beats/cymbal decays, and plucked strings are all quite remarkable via the Rotel DAC.
Mickey Hart, "Planet Drum" and Bela Fleck "Live Art" are two of my fave discs to show-off my Hi Fi system.
Bela Fleck "Perpetual Motion" is another great disc, and I can hear subtle differences between interconnects SIMPLY by listening to Fleck's fingers slide up and down the banjo strings.
Even the cheapest fiber optic cables reveal THREE times more detail than the coaxes, in my system...
your mileage may vary.
Joe M.