Try using the 1.4 cable with your 2.1 devices.
One could quibble over whether that is forward compatibility or backwards compatibility. (It depends if you define HDMI to mean the cable or the standard…) But the 2.1 compatible device will probably just silently fail without any hint to the consumer of what the issue is. Or, if you’re really very lucky, you’ll get some sort of degraded option.
Anyway
That’s assuming both devices can successfully negotiate. Does not always happen.