As was pointed out to me by Oceans the typical burnt looking stripe on a hitch cord is primarily from the climbing rope. Todd Bremer showed me a nice maintenance trick for getting rid of that, stretch the hitch cord out horizontally on the trunk of a relatively smooth barked tree and roll the cord up and down with the flat of both hands like you were making a snake with play-do or clay. Reconditions the cover of the cord nicely.
I'm a couple years into climbing on Ocean Polyester hitch cord, love that stuff. I use the 10mm only for any diameter line including my 10mm HTP, it's optimal on larger diameter ropes. I'm a very lightweight climber but I still find the 8mm cords bite a little too hard.
The basic story on fast descents is this, if you're climbing on any of the hitch cords that have higher than polyester melting point fibers in them (most modern hitch cord does), then you're toasting your climbing rope not the hitch. If you're determined to do fast descents it's smart to make sure your hitch coils are loosened up just a bit or at the very least that your hitch isn't binding tight on the rope before you descend.
-AJ