Yeah, I'm recalibrated somewhat. The balanced LVDS (HDMI) signal with individual channel return signal (ground) conductors allows common mode interferences (e.g. external EMI noise) to cancel out, thus maintaining signal integrity over longer distances relative to single ended LVTTL ( RJ45) signal, and allowing longer cables. The trade off to balanced signal is higher cable capacitance, so that transmission over single ended conductor cable with lower capacitance allows longer distances. So, balanced signal cable maintains signal quality integrity over longer distance; single ended signal cable maintains signal intensity over longer distance, however corrupted. Isolating (galvanically or ottherwise) signal ground from power ground has really nothing to do with maximum cable length in this argument.
However, I'm confused by your statement that each circuit (channel) ground (return) is connected by (in?) the cable. That would seem to defeat to whole purpose of eliminating common mode interference in balanced signal cable. Do you mean at the connector(s)? I would think that the individual channel ground conductors would be grounded together in either the transmitter (e.g. DDC) or receiver unit (DAC), and leave the individual channel cable grounds insulated from each other over the entire exposed cable length. What am I missing?