Is there a "real" difference in brake specs ?

I know in car terms there is a difference (but not as much as people would imagine and certainly not always as much as would make the prices justified) so is it the same on bikes ?
Im referring to the the mechanics and pads.
Im referring to the the mechanics and pads.
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Brake pads seem to be the single best improvement and Koolstop Salmons and SwissTops seem to get the nod.
The cables (inners and outers) can also make a quite a difference. Something Like Jagwire Racer or the new Shimano PTFE coated stuff seems to be were its at.