I used a 1402VLZ for quite a while hooked up to an M-Audio Delta 66 PCI card and it turned in good results.
Most, maybe all, interfaces use a limited range of AD/DA convertor chips. For example, I understand thst the RME UFX and the Presonus Firestudio use the same PCM4104 chip. So at the conversion level interfaces should, in theory, have a similar performance.
Though in practice they don't quite because quite a lot depends on the circuitry that supports the convertor.
The big difference between interfaces is at the analogue circuitry level. Lower noise cleaner preamps, signal processing on the analogue side of the input and output and so on. Similar to the reasons one preamp costs £50 and another £1,000 really.
The good news for your purposes is that the weakest point in cheaper interfaces tends to be the mic pres, but for your setup you'd only need to be using the line level inputs and outputs so the mix pres are irrelevant.
Another difference between interfaces is the internal mixer they carry, the level of control over it and latency. Again, if you're using a mixer which can send individual channels to the interface via the Aux3/4 bus and has the interface outputs plugged into a mixer channel so there's no need to use Sonar's input echo function for monitoring that's not a problem.
How much degredation you'd get from the really cheap interfaces isn't easy to tell without testing them. Personally I'd look a little more up-market at some of the Focusrite range or maybe Roland with two or four line inputs and two or four line outputs. They'll have some mic pres, but they might come in handy (especially if one is high impedance for guitar/bass use) and will be decent quality. Whether they'll be equal to or better than the Mackie is hard to say.
One thing to watch if replacing the mixer is the number of inputs and outputs available on interfaces, and once you're mixer-less using input echo in the DAW for monitoring becomes more important if you need to hear effects while tracking because you'll no longer have the mixer's number of inserts and aux channels.
To completely get rid of a mixer I ended up with the RME/Focusrite setup in my sig. because of the number of ins and outs I require. Not a cheap way to go it has to be said.