Is there any difference between a toslink to toslink cable and a digital optical cable for connecting between a dvd player and a 5.1 ch. home theatre system?Also what type of cable should be used with a digital audio out on a dvd player and the home theatre? Would standard co-ax be ok?
No real functional difference. Some swear "digital" coax sounds better than TOSLINK and vice-versa, but I doubt anyone could honestly tell the difference in a blind audio test.
As far as practical concerns, TOSLINK's fiber optic signal path cannot be effected by EMI (electromagnetic interference); however it is not quite as robust as coax (if the fiber is somehow kinked, just like a water hose, the medium will stop flowing.) Conversely, quality coax is extemely durable and still very resistant to EMI due to its shielding, but...
A caveat with coax is that RCA jack's were developed in the 1930's for the phonograph, and typically do not achieve the 75 ohm spec for today's a/v connections. Canare makes high-quality RCA plugs that they advertise as "true 75 ohm connectors." You can buy broadcast quality Canare or Belden coax terminated with Canare from bluejeanscable (or me) for about $12-15 (3' to 6'). You can do a little better on TOSLINK from lifatec.com at about $11-13.
It's really a matter of personal preference. One last bit of advice, I've never had a TOSLINK cable break, but have had the connectors pop out of devices while being shuffled around; however I have had several RCA cables break (yes even the "monstrous" kind) due to crappy solder joints between the wires & RCA plug (which is why I now roll my own with Canare components). Canare not only meets the 75 ohm spec, but also do not pop off unless you physically pull them off.
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