I've been following this thread with great interest, because I had a real nightmare concerning PB's, so this is just a personal reflection.
It was just a few years back when I found out that it was the patchbays that prevented me from getting real low-end punch in my recordings.
I've been using $100-300 pb's (just 1/4" though, and all cable used was Mogami.) and noticed no difference between them. Without them, however the difference was enormous, and ever since I trashed the PB's I finally can make decent recordings. It made me believe that TT PB's are the only way to go, but it doesn't seem so, reading these posts.
As sosayu2 said, I've had my fair share of cables and jacks going out on me too, both during tracking and mixing, and you don't want that.
I'm not saying that one should totally stay away from Patchbays, but it's just my experience and it will certainly be awhile before I get one of those again.
Good luck