...and progressing that a little further;
Consider the reverence that EAC and cdparanoia hold in the digitial music world. They have gotten there on merit - that is they are better able to correct issues from scratches than just using the standard reed-solomon scheme. AFAIK, they do this by re-reading any suspect sectors as many times as they need to in order to gain confidence in the data.
Some high end CD transports also do something similar. Another factor is the drive mechanics. High end mechanics are going to track better and read the correct data first time more often than low end mechanics.
But assuming that the data is read perfectly from the disc, as far as I'm concerned, bits are bits.
Some audiophiles maintain that bit jitter in the digital stream causes differences. Given that nearly (if not) all CD players buffer the data and clock it out independantly of the rate that it as physically read, I can't see why this situation should exist. (Let's assume for the minute that we are talking about players with a 'reasonable' standard of engineering, ie, not the $25 NoName special designed by monkeys in a sweatshop somewhere).
Anyway, with a digital link, the jitter is more likely to be affected by the electronics in the receiver.
It always amuses me to see people claiming an obvious and audible benefit in using $200 coax cables for spdif connections.