If you wanted to rotate the 1200 links each of the 2 pages every time you updated, then no. But if you wanted the 700 newest on one page & the 500 oldest on another, you can do it by just adding another category (like amateur is the main category, amateur1 is the archive)
But even then, I think that's a lot of links to put on one page - my lesbian page has 550 on it now (not including the links that are currently in the archive for that page) -
http://www.link-o-rama.com/greenguy/girlgirl.htm - and it's way too big IMHO. I just need to figure out some new lesbian categories (already have teen, milf, strapon & group)
I'd really look thru them, make sure they are all working & then see if you can split it up into subcategories (which really means more targeted traffic)