Okay, while I haven't done hours upon hours of listening, I think I've figured out what I'm hearing.
Last night I thought I heard a difference in loudness/volume between the two cables, which I can now say was just my imagination. If there is a difference then it is too small for me to detect with my ears.
With the Canare 4S11 cables, for some reason, the best way I can describe it is it sounds like the higher frequencies, those which would only come through the tweeter, are ever slightly more present. High frequency instruments like electronic ticks, cymbals, the tap on a bongo/conga drum just sound a little bit clearer, as do vocals, particularly female vocals. This, in turn, would explain the second thing I think I'm hearing which is better imaging (human hearing can localize higher frequencies better). I almost feel like I can pinpoint locations on the sound stage just a bit better, or than instruments sound ever so slightly more focused.
With all that being said, let me advise that these changes, if they are real and not due to my imagination, are small enough to be almost imperceptible. Even if there is a very minute difference and what I described above is indeed happening, I still consider it insignificant enough to say that there is essentially no difference in sound between the Canare 4S11 and the Audioquest Type 1.
Personally, I think I'm going to go ahead and rewire my system with the 4S11 covered in techflex so it looks all purty. Physically, the Canare 4S11 is very, very nice stuff, as I stated before. It is certainly MUCH easier to deal with than the stiff Audioquest Type 1, plus I can get a much more secure connection with the locking banana than trying to clamp the screw terminal down on both a wire and a jumper (on the bi-wired speakers).
For me, my main goal was to find something that wouldn't change the sound I have already and be much nicer handling and looking than the AQ wire, so I consider this venture a success. Depending on what you desire and are looking for, YMMV.
Will these cables make chocolate ooze from your drivers? No. Will they change the sound of your system if you already have a good cable? I wouldn't be willing to bet on it. However, if you want a nicely constructed wire and like having a large gauge or need it for whatever reason, in this case 11 AWG overall, then I would recommend you check the 4S11 out. Do like I did. Purchase just eoungh to do a test with (I got 14', for 7' runs to my mains) and evaluate them. If you don't like them, then you're only out the cost of DVD (or two if you get the banana plugs like I did).
I will continue listening this weekend and see if my ears detect anything substantial.