Would it be the same issue for Toslink?
I'm not particularly knowledgeable about electro-optics, but I don't think so. What underlies the phenomenon Tobias referred to is that for electrical signals with spectral components at rf frequencies, such as the electrical digital outputs of cd transports, a mismatch between cable impedance and load impedance results in a fraction of the incident energy being reflected back towards the source (instead of being absorbed by the load). As you may realize this is referred to as a "vswr" effect ("voltage standing wave ratio"). I wouldn't think that is applicable to light waves being detected by a sensor, and even if it were the quantitative parameters (risetimes, etc.) would be different.
Also, multi-mode fiberoptic cable (which I believe is what Toslink and most inexpensive fiberoptic links are) is subject to other sorts of effects, such as light repeatedly reflecting off of the walls of the conductor, resulting in some of the energy arriving at the destination later than that part of the energy which has taken a direct path. Not sure if that is a significant effect over the short cable lengths and the data rates that characterize audio systems (it may very well not be), but it's another indication that transmission of optical signals and transmission of electrical digital signals are just different animals.
Regards,
-- Al
Regards,
-- Al