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From a usability point of view, I thought having a small amount of links per page was good for the end user. Should I just put all the links back on 1 page?
For me personally, I would rather be place on a page with 15-20 links (even a PR0) than on a PR4 with 50-100 links.
I would certainly prefer the PR4 backlink. From my experience the PR transfered is not exactly analogical to the off-site links a page has.
Additionally, a PR4 page is considered many many times better in Google's eyes than that of PR0.