As I recall, CD-4 playback required less than 100pF of capacitance in the turntable to demodulator leads. In the "olden days", this was kinda tricky. Nobody paid much attention to cables. Today, lower capacitance cables are pretty common-place.
Any decent cable company will list the specs of its cables (in pF per foot of cable), so if you are going to use a five foot cable, then just do the math. Having said that, I am not as technical as some of the others ... Quadfather and Lou Dorren, so maybe one of them could chime in.
You might want to check these guys out ...
http://www.bluejeanscable.com/store/audio/index.htm
http://www.bluejeanscable.com/store/audio/LC1-design-notes.htm
Using their calculator at the bottom of the first link, a 5 foot pair is $36.00 ... not too bad actually, and they get some good press. At 12.2pF per foot, or 61pF for a 5 foot pair, they should work fine. The Design Notes link explains how capacitance can mess with high frequencies (such as CD-4 carrier frequencies), and in language even I can understand. Personally, I use Cardas Neutral Reference for CD-4, but they are quite a bit more expensive.