I have had some experiences where even with the cable, the Microcender has slid down a vertical rope under certain slack conditions.
However, even that could be a valuable feature, esp. for a rescue. One technique they sometimes use is, well actually a Rescuescender, is to let the rope clamp slide down the rope, to grip the rope near the victim to pull him up. But...
Petzl and others that use a cable would not go to the expense the cable represents if it is nothing more than a tether.