The problem here are the connectors. The best connection are soldered or welded wires. Then are tightly fastened cables by screw terminals. Then are those spade connectors tightly stuck on tabs. And then are all sorts of various removable plugs, which are by far the worst option.
The plugs can wiggle and deform in the sockets, they may not be fully inserted. The metal "contact bits" can wear and deform, they need to be able to grip the pins or tabs with some force to ensure good connection. When you make these bits from too thin metal, shape them wrong, make them from metal that deforms too easilly, you simply lose good contact and things will go wrong.
Even if you had a cable with adequate connectors supplied with a PSU to build one computer, that could be securely plugged and unplugged say 20 times, while maintaining good contact, and you would use this cable to test dozens of GPUs while letting the cable to dangle in various positions, pulling on the cable accidentally, etc, you really cannot expect the connectors on he cable to perform perfectly.