I use synthetic rope on all my ATV's. I've had no issues with abrasion and I still kept the roller fairleads on with no issue.
I find it just as good as cable, safer to handle and less recoil if it ever did snap. But what I do find is if you keep it spooled tight on the drum it....not sure how to describe it.....but it won't stay nice round......it will take a triangular shape. Not a big deal, but just doesn't spool up as neat as cable.
And in winter if you get it wet, a few times I had really pull on it to get it out. It froze up a bit.