So I'm working on a site that *may* have had a penalty applied by something that seems to more properly belong in a zoo.
I see using GWMT many backlinks from sites I don't want to have anything to do with, and I know since these are sitewide links that this is pretty bad.
Reading here and elsewhere, I know the best thing to do is sit tight -
But in the meantime, I'm working to bring this particular site back into basic compliance by removing or repair many 404's that have accumulated through years of new pages, renamed pages, removed pages, code mistakes that got multiplied out into many pages, etc etc - the usual html rot that grow over time like weeds if you don't pay attention to it / develop strategies to avoid, etc.
In the revamping / repairing / redirecting process, I see using GWMT that removed pages are still linked all over the place - so when I see this, should I issue a 301 or just let it go 404?
If I issue a 301, I am supposedly conserving that imaginary linkjuice and following best practices.
But what if I happen to see a missing page has more bad links than good? Should I 301 that as well?