60′ is probably ok. You can make a custom cable using a long Ethernet cable. We don’t have any test data on how far the cable can run — this depends a lot on for example, the wire thickness. So I can’t say for sure, but I think 60′ sounds ok.
The signals running on the ribbon cable are I2C (if you are referring to OS3) and shift register (basically SPI bitbang) data for OS 2.x or OSPi. These are not direct on/off signals.