Cable select is a scheme that was devised quite sometime back and never really caught on. Nearly all drives you will use have this option available, usually denoted with the CSL or CEL designation on the drive.
Cable select was the idea that the cable should determine which drive was Master and Slave, but it never really caught on and is almost never used today. There are some older Compaq and Dell computers with this configuration, creating issues when an unknowledgeable person adds a new drive. So, unless you run onto these rare systems, it is not an important issue. The one important thing to remember is it requires a special cable.