Not all optical Toslink cables are the same and neither do they have the same kind of filament. Common plastic fiber filament Toslink has a bandwidth of about 6 MHz and this is what has given Toslink such a bad reputation because it chokes out the harmonics of the 3.3 MHz fundamental which needs bandwidth out to 10X that of the fundamental on order to form a nice square wave.
Back in 2002 I bought an 30 MHz Bandwidth Audioquest Optilink 4 Glass Toslink cable which has the same Fused Silica Glass filament that they use in their ATT/ST Glass cables. Over the last 10 years I have compared it to many coax cables up to a price-point of $600 and I have yet to find one that has the absolute transparency that the Audioquest Optilink 4 Fused Silica Glass Toslink has in that it has a 30 MHz bandwidth which is sufficient to allow the full development of the Digital signal's harmonics which is essential for the best sounding digital music playback.
Most recently I used my old Musical Fidelity V-Link to compare my .99999 silver Illuminations D-60 coax to the Optilink 4 Fused Silica Glass Toslink and although the Illuminations D-60 sounds absolutely great on its own when compared to the Fused Silica Glass Toslink it immediately becomes apparent that a lot of low level detail is being completely glossed over by the Illuminations D-60 and a portions of the harmonic structure of the Music is not being fully fleshed out.
Those who have never used or heard a 30 MHz bandwidth Fused Silica Glass Toslink will continue to assume that Toslink is vastly inferior to coax and will never be bothered with what their Music might sound like using a 30 MHz bandwidth Fused Silica Glass Toslink cable like the one John Atkinson used to allow the V-Link add so much additional fidelity to the Benchmark DAC in his Stereophile Magazine Review of the V-Link...
"I then changed to the V-Link, had it feed the Benchmark via a 1m length of AudioQuest Optilink-5 glass TosLink cable, and did not touch the Benchmark's volume control. The violins in the Sibelius were now slightly less steely, the soundstage a tad wider and deeper. More important, the sounds of individual instruments, such as the horns at the start of the first movement, and the timpani and plucked double basses at the start of the second, were slightly more of a piece with the surrounding acoustic."