As with anything, it depends.
An
NMEA bus is built the way it is to avoid reflections off the end of the cable. At 250kbps, it's entirely possible for the signal to ring back and forth on the cable. The terminators add loading to the bus, which makes it "infinitely long" electrically, and thus eliminate the echos.
The issue you could run into is if a drop cable is too long, say a drop cable that goes all the way up a 70'
mast or some such. (Fortunately, the
Garmin stuff you talk about doesn't run CAN up the mast; the cable is carrying the old
school Nexus network, which is based on RS485).
Anyhow, having a
single drop cable feeding all the stuff in your helm pod is probably not going to be an issue, as long as the entire drop isn't too long.