Good thread!
I agree with Bill about the number of recip links, it wouldn't hurt no one if there were more recips allowed on the index page.
In my opinion it's also worth it to use different text on every index copy to decrease the chances getting a double content penalty but on the other hand not all search engines have such strict rules like google has about the dc penalty. Yahoo for example lists at least 2-3 copy pages of almost all my submitted sites,... one gets #5 and one #7 listing for example.
But I also agree with Linkster, free sites, just like picture and movie galleries (and in my opinion even picture and movieposts) should be optimized for direct selling to the linklist traffic and not put the weight of importance to seo.
It makes a lot more sense to optimize special sites like hubs, blogs, niche pages for seo and get those sites listed than trying to get some lower listings for small keywords with free sites or galleries.
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