the general consensus (at least the way I remember it!) is that Coax sounded better.
at least in the context of the classic 'disc transport to Dac' scenario
basic theory:
a proper 75 ohm rated coax cable should provide a very good electrical signal - job done
optical has the issue that the electrical signal is converted to light, transmitted down the optical cable and then changed back to an electrical signal at the other end - apparently many of these converters are usually cheap ass IC's that 'could be better'.
optical is good for avoiding grounding issues (glass/plastic is an insulater) - so no direct electrical contact between devices
reality: you'll probably not notice a difference, if you do & you prefer one presentation over another - use that one!
anyway Async USB is the new darling for digital...
J