I know Google says 100 outbound links is tops, so I started by removing all link partners who already have more than 100 outbound links on a single page. Then I started removing those partners with more than 60 outbound links on a page. Remember, Google makes its own rules and those rules can be changed at any time. They may be saying 100 today, but tomorrow, they can change that to any number they choose.
There’s nothing that can stop a Webmaster from breaking up outbound link pages to page2, page3, page4, page 5, et.al.. Directories do this everywhere, that is, break their categories into pages with no more than 20 to 30 outbound links on any page.
Have you ever wondered why some Directories get penalized for interior pages? One day they have PR3 for certain categories, and by the next update, they have PR0. What did they do wrong? Chances are, they did nothing wrong except to link to some site(s) that is labeled as a “Link Farm”.
As for Blog Spam warnings on the report itself, that’s a warning to take under advisement. I wouldn’t be too worried about that, or about Social Bookmarks spam. After all, those are supposed to be sites where “Others” are linking to yours. We have no control over those who link to our sites.
Google has created this monster. Let them deal with it. But if they want to hurt anyone for being overzealous, don’t let it be you.
If you have 100 or more outbound links on a page, create a page2, page3 and etc., and start transferring those excessive links to new pages.
You’ll be adding new content to your site, and what’s wrong with that?
Hope the Eggs roll your way!
BobMcd