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Absolutely. All links are not equal. A handful of high quality links will go a lot further than many, many more low quality links.
But I think that's part of the idea of how a network can help you. If you've built a strong network over time with authoritative sites in that network then even just a few links from those sites can help you win an SEO contest easily enough. If someone else doesn't have those high quality contacts the amount of links they might need to compete with you may be impossible to get over the length of time of the contest.
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