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It's a judgement call.
You pays your dollar and you takes your chances.
Arguably there's a disadvantage to having only 20 links out and trading recips with a page that has 200 links out.
Some people will tell you google is incompetent to single out heavy high numbers of link-farm type linking, and that the more links the better. They point to spammers with 1000+ backlinks from crap sources and #1 positions on good keywords.
Other people will tell you that may be true for a while but sooner or later the whole network will be devalued, so it's not an approach that's sustainable.
And there's tons of other factors...
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