Distributed vs lumped — the series
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A ladder is not a line
A transmission line is usually introduced as the limit of a chain of inductors and capacitors as the number of sections goes to infinity. That is true, and it gives entirely the wrong impression of how close a finite chain gets. Forty sections still ring through every plateau by five per cent, and extrapolating the fitted convergence, reaching one per cent would need about nine hundred and sixty.
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The sections a wavelength needs
A ladder of inductors and capacitors is a line only below its own cutoff, 2/√(LC) of one section, and in the frequency domain how far below can be written down exactly: its delay is too long by arcsin(x)/x − 1 and its group delay by 1/√(1 − x²) − 1, where x is π over the number of sections per wavelength. One per cent of delay needs 13.0 sections per wavelength; one per cent of group delay, 22.4. The rule of ten per wavelength is 1.72 per cent slow in phase and 5.33 in group delay. Twenty sections imitating a metre of cable are a line to a per cent of group delay up to 185 megahertz and pass nothing at all above 1.32 gigahertz.
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The sections an edge needs
A chain of LC sections rings on an ideal step however many sections it has, because a step has energy all the way to the chain's cut-off. An edge has a top frequency, and for a matched chain carrying one the section count has a clean answer: for one per cent of overshoot, 6 sections on a line one rise long, 183 on ten rises and 5,760 on a hundred, 5.8 times the length in rises to the three-halves power, within a few per cent from end to end. So sections per rise is not a constant. A section's phase error goes as the cube of frequency and the inverse square of the count, and it accumulates along the line. A 1 ns edge on a metre of cable asks for 62 sections, a 100 ps edge for 2,048, and the delay is right long before the edge is.