Yea true, that is fair.. ground loops can be an issue, and given the choice, toslink would be one less ground to worry about.
But that said, I've not had a grounding problem in my system in years.. everything is running off one power distro, everything is balanced connections except for the decks to the mixer which are S/PDIF. I do have a couple of ART DTI's I keep around just in case of problem (for analog isolation, not digital)
What I've been thinking for decades is that the audio industry should come up with a standard for AES/EBU and S/PDIF over ethernet layer 1.. that is, using the electrical standards for ethernet but not the protocols.. because the hardware is cheap and plentiful and it's galvanically isolated. Much better than these old connectors.
But in this day and age.. might as well go all the way.. forget those standards altogether and make everything AES67. Just put an 8 port gigabit switch into the mixer and plug everything into it
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