I have no number to back this claim up (and it depends on each person's marketing skills) but I feel that free Sites, while they have much less traffic, convert better overall because of the amount of ads (4 pages as opposed to 1) & the quality of traffic form Link Lists (and yes, I am very biased - lol)
There are SE benefits if you know what you're doing (or get lucky every now & then like me) as Link Lists tend to have more pages & text, which means more SE spiders (my opinion only)
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