OP:
I’m of the school of thought that if you can’t hear it, you can’t hear it! So I don’t think that’s a bad arrangement in terms of audio.
However, in terms of surge vulnerability the modem is a concern. When I first moved to my current home in 2021 we had 4 homes with surge damage from the cable modem. Luckily everyone but me used Wifi, but I was OK. It’s not uncommon for a surge to enter a home through the coax cable and fry a number of Ethernet connected devices. The surge can enter via the coax and then find a path to ground via either the power supply or the Ethernet cables, if any. For these reasons I recommend:
- Use a coax surge protector OUTSIDE thee home like this one.
- Isolate your modem’s Ethernet connection using an isolator like this one or an Ethernet to fiber adapter
- Put the Modem’s power supply outside of any surge protection used for sensitive audio equipment.
Of course, I may be more paranoid than most due to living in a lightning prone area. Some A’goners have never had lightning damage so they don’t understand the fuss. :D Also, if all you use is Wifi you are less vulnerable to surges than those of use who hardwire their work PC's and HT systems.
PS - The issue is true for ANY copper based conductor, so cable TV, antennas, etc.