Neil,
I should be possible IF you have some idea what the Vp (velocity of propagation) is for a similar twisted pair. OR, If you know what length of cable you have (100 ft), you might get a pretty good estimate by measuring the length of another similar pair in the cable (with the SARK 110) and comparing the measured length ( with the SARK 11O ) of the broken pair to the measured length of the whole cable.
(length of open pair / length of whole cable) X length of cable in ft = should be the distance to the break from the measurement end. It should be close!
Note: The distance to the stepper element connection should show up as an impedance bump but may not be as sharp as an open wire end.
GL
Dave K3GAU