In my mind, if it makes a difference on the sound, the equipment it improves on is broken. Throw it out instead and use the money on working equipment.
And, yes, I have met the audiophile guys. They are sort of funny in small doses, and annoying if you meet them in longer stretches.
Anyway, let those guys keep buying that stuff. I know where to put my money (not the same place).
Gunnar