To expand a bit...
I found this out when hooking up a Garmin 430 W to the Dynon D10a. Didn't think I needed ARINC, because the 430 outputs 'rs-232 serial', and the D10a directly accepts that. Yeah, well, BUT.
(1) The rs-232 serial DOES NOT output 'GPSS'. In other words, when doing a GPS approach, you'll typically have a T shape and you are allow to make the 90 degree turn before crossing the waypoint. GPSS provides the proper CDI (and autopilot) info to start the turn in advance. Otherwise it overflies and then wanders back onto the new heading.
(2) the rs-232 serial data doesn't provide the change in CDI deflection tolerance from en-route to approach. So you can be a mile off centerline, but the CDI isn't full deflection. This could bite a subsequent pilot/owner if they don't know this limitation.
Now, if you don't fly IFR, you probably won't care. Or if you only fly VOR/ILS approaches.