we've talked about bnc connectors (vs rca).
the funny thing about spdif, to me, is that it recommends isolation transformers (making it pseudo balanced) yet uses unbalanced coax as the interconnect
I'm not convinced at all that 'high shielding' gets you anything other than a thicker cable, for spdif
this isn't analog where hum and noise WILL be heard. in digital, think of it as 2 conversations going on in the same room with 1 being a lot louder than the other. can you hear the louder (main signal) guy talking and understand his words even if there is chatter in the same room? to keep the analogy along the lines of digital, you have to either understand the words of that loud guy or you don't, there's no middle ground unless the 'interference' becomes SO loud that it does cause drop-outs (so to speak) in the main talker.
think of 'big' half volt square waves and little tiny noise bits riding on it. can you pick out where the starts and stops are, on such a picture? usually, I think you can. and usually, I think the spdif receiver can throw away distracting noise and keep only the 'big' half volt wave changes.
this is why I believe that cables simply don't matter in spdif. there's enough S/N to keep the receiver's job easy enough in 'listening' to the main talker. there might be other talkers in the room but they *never* get so loud that the receiver gets confused. at least that's my experience with spdif.