As I'm crystal clear on the fact that reciprocal links have negligible value, if any value at all, I don't get into the mile long you link to me and I link to you nonsense that prevailed in the 1990's.
Note also that one can create their own static Page referring their Readers to directly related high quality content on other similar blogs. links. That's what I have done. See: http://onecoolsitebloggingtips.com/2010/11/18/blogroll-or-links-page/