I have been operating a RAID 0 array with a Fast Track 66 card for 6 weeks; one IDE channel has an ATA66 cable that I 'rounded' and the other channel has a 'stock' ATA66 cable.
According to the Promise 'Fast Check Monitoring Utility' the synchronization of the two Maxtor 20GB drives is correct.
When I 'round' ribbon cables I just push the tip of the blade of an Exacto knife thru the insulation between conductors, I then 'tear' or 'rip' the balance of the insulation to the ribbon connectors. Mostly recently (especially for the ATA66 cables) I have done 3 'push/tears' for 4 groups of 11 conductors (22 conductors for ATA66), the first few cables that I modified were 11 groups of 4 conductors; once the groups are wrapped with electrical tape, the overall diameter of 4/11 and 11/4 are very similar in size. I haven't yet knicked the insulation or conductor of any cable that I have modified; a good bench mounted, illuminated magnifier , a sharp Exacto knife , 2 strong thumbnails , and a steady hand are all you need.