My take on cables is pretty straightforward. Buy decent but not esoteric mic cable in lots of colours - select it for toughness and flexibility and the ability to lay flat. Speaker cable needs to be matched for size, so that the length is not going to mean the cable resistance is an appreciable proportion of the total load - after all, 8 Ohm impedance speakers, but 8 Ohms of cable resistance means half the power is wasted warming up the cable. So for us in the UK, this means metric conductor sizes - for short runs of lower power, for monitors, for example - I'm happy with 1.5mm2 cable. For a couple of my Pas I'm using 4 core, 2.5mm2 cable (Bi-Amped), and I've also got a couple of VERY heavy 4mm2 cables for when the stacks have to be very far apart, or the cable has to go around the back of the stage area. On the notion of amps frying themselves, I don't worry because most are designed to work into virtual short circuits - 2Ohm operation, plus they can cope with a bit of extra capacitance - if you did use screened cable. Mic and instrument cable typical has quite small conductor cross section, so with a BIG PA, the current the cable handles could well melt the conductor - and this I have had happen. With amp design now coping with open and short circuit protection, I'd suggest any amp that died as a result of using a cable with a screen was pretty poorly designed. I did know a PA company who routinely used screened multicore (2.5mm2 cores) for their loudspeaker multis because they wanted maximum screening. I doubt it really did much, but it certainly never caused any frying. Many of these stories are just handed down knowledge. Physics says that certain things will happen when speaker cables are screened, but nobody ever quotes specs for how much capacitance 'normal' speaker cable has. It's certainly true that changing the capacitance of the cable does have an impact on amps that rely on feedback - and you can get a rounding of the leading edge of the waveform. Push it further, and this can lead to the oscillation mentioned - but only poorly designed amps have issues - hence why we don't hear about it very much.
Heavy cable for speakers, flexible and tough for mics and instruments. Most of my loudspeaker cables are actually mains cable, H05 or H07 type (UK spec). Tough and long lasting. Mic cable is 90% Canford Audio HST, most of it purple. I have some HST that is 20 years old, I'm sure, and some rubber flexible stuff of even older.
If people wish to use the crazy cable, fine - but I'm laughing inside.