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Is this type of cable any good

Hello i am planning on making my own microphone cables and i have come across a couple of drums of cable very cheap, can anybody tell me if this is quality cable, here is the spec

2 core individual lap screened microphone cable
conductors 2x20/0.1mm
screen 2x51/0.1mm
CSA 2x0.16mm2
Diameter 6.5mm

on a scale of 1/10 is this anygood

Balanced cables and POD: It doesn't make sense, explain plz

In my small home studio I decided to try using my POD 2.0 as my guitar effects unit. The problem is, I have been getting a lot of noise in my signal. I decided to check out using some balanced 1/4" cables, because it says in the manual that the outputs are in fact balanced, and will get rid of unwanted noise.

Making XLR to 1/4" TS cable

I am trying to make an XLR to 1/4" TS cable for my Eventide Eclipse.
I am using it in the effects loop of my guitar amp. The effects loop is unbalanced, but the Eventide unit MUST be connected via the XLR jacks.
I know I need a 3 conductor cable, and I know how to connect the XLR end, but what do I connect the last wire to on the TS end of the 1/4 TS plug?