You do get something like BER (Bit Error Rate) on digital signals. Now, you will get less errors on the good quality cables, but because of error correction you probably won't see a difference.
I can say that better quality cables will decrease changes of incompatibilities between sources, cables and screens. Especially when splitters and extenders are involved. I'm not saying that you need to buy a cable that costs a few grand, but a cable that cost R250, is better than a R70 cable.
If a cable ever give you trouble (test by replacing with another to see if problem goes away), then throw it out ...
A R70 cable is not going to give you trouble on 1.3a at 1.5m ... the R20 one might, but if you test it and it works fine, then it works fine.