OK, I'm no expert on analog electronics, so explain to me electrically how one source becomes less sensitive to impedance just because it's balanced, because I don't get it.
This is how I understand it:
If you have a low impedance output, the cable will not make much difference. This is because the output impedance and the cable capacitance will together form a low-pass filter, and the lower the output is, the higher will the cutoff frequency of that filter be. So cheap cables with high impedance will not affect low impedance outputs, like synths.
Guitars and mics often have higher output impedance (although not always). They can have output impedance as high as several tens of thousands of ohms, as compared with the typical line output which will not have much more than a couple of hundreds of ohms. This will lower the frequency cutoff seriously.
Therefore, with high outpit impedance sources, cable is more important. Balancing does not come into this at all. Balancing is a way to reduce noise. Whole different issue.
Thats how I understand it at least. Is it wrong?