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Seems like you've done your research. I just started putting links to my sites directly from my galleries, so I can't give you my personal experience on that.
However, I know howling-wulf does this pretty regularly, so maybe he or someone else with this practice can chime in.
The key to linking (as you probably know) is linking to a target page (usually the index page) with the keyword(s) in the anchor text.
I'm seeing some traffic come in from the links directly, but I only started a couple of days ago, so I can't quantify on seo benefits of the anchor text links yet - at least as it pertains to this business.
However, I do get fairly steady traffic on the keywords I use in the galleries and probably getting some seo benefit from the title when the tgp uses it for the anchor text when they list it. However, I can't quantify the last variable since I don't know which or how many tgp sites use my title for the anchor text.
You really just have to experiment. Try to setup all your tracking methods early on (for whatever you want to track) so you can come up with your own winning strategies. Following someone else's strategy - even to the letter - rarely works.
Once you have the fundamentals down, you have to practice. Just remember to be your own coach. Correct your mistakes and stay motivated.
I heard once that 90% of success in life is just showing up. Those are the words I live by everyday.
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