Earlier quoted context omitted.
Why on earth is so much more expensive than an arbitrary pair of devices that could max out a cable?
Think about it. You need to generate a precise, calibrated, 40GHz signal, transmit it, then precisely measure the returned signal for phase, amplitude, and waveform integrity -at that speed. Oscilloscopes and logic analyzers that run at that speed, are damn expensive.
Make some properly formatted garbage, send it down the wire to the other end of the tester and see if you can read the result. It won't tell you if the cable is marginal, but how often is that actually an issue? Network cables are connected to hardware that retries, masking such errors.