It's similar, but note that what differential-voltage signaling cancels (as in pro audio cables, PCB routing, or ethernet cables) is common-mode EMI; but, as I understand it, the differential-phase signaling in PAL instead cancels out errors introduced by dispersion (where the phase delay varies significantly over the 6MHz bandwidth of a TV channel).

So it's analogous, but there's a critically important difference. (Not that you claimed otherwise.)