Common wisdom regarding penalties and 301s has been that if your penalty is link-related, then redirecting a page might simply cause the penalty to follow you.
In the case of a redirecting a page with 50 same anchor text links, I think Google would consider this a particularly sneaky thing to do and probably hit you harder. This is in fact already a common spammers' technique. I think it's pretty clear now that Google can detect the components.
Where Penguin penalties are for content issues, like keyword stuffing, the content in effect vanishes when the page is redirected, so Google would perhaps consider other issues, and various additional questions might come up... eg...
- Is Penguin page based or domain based?
- Did the keyword stuffing once push up the page enough the link credits you'd be redirecting are undeserved?
...that kind of question.