If you want to do a normal trade with other links lists, why not just ask for a hard link trade on the front pages? When someone submits a links list to us in the normal fashion, it either goes in Adult Directories or Webmaster Resources, depending on which category they submitted to and whether or not they accept outside submissions.
The problem with putting the reciprocal in your links list as if it were a regular submission is that the link will move to another page as your list grows. A lot of links list owners require that the recip be on the page submitted and use scripts to check that periodically. You'd end up being automatically deleted when the recip link goes to another page.
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