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Here's the reply you'll get from most smaller site owners: Every click counts; a hit is a hit; you never know where the next sale will come from etc etc etc.
The reply you'll get from me (pay attention because my opinion counts): I used to submit to close to 200 LLs. Major waste of time. I don't believe there are that many serious LLs in the universe, big or small. 95% of my traffic came from 10 LLs. Based purely on traffic numbers I could justify having only one recip table (16 recips), but I believe in Karma (the Earl principle). Therefore I have a second recip table on most of my submits, gathered from known serious WMs from this board. Not because they send a lot of traffic, but because I like to spread the love around and (selfishly) hoping for some in return. If everybody who submits to my LLs really studied their server stats they'd probably drop me instantly.
The only reply that matters: The one you get from the guy in the mirror. How much is your time worth? Seriously, once the recip table is built it takes a grand total of 30 seconds to duplicate a site. Just make sure everyone on subsequent tables are serious because even 30 seconds is a waste of time if it's spent on a dickhead.
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