What is better... 300-400 signature links (say of DP) having the same anchor text and pointing to the same URL?

OR

5 to 6 links having different anchor text pointing to the same URL. These links are in-content blog posts link and not site wide. (I am not talking about high PR(5+) blogs here)

Inviting opinions? [Anything for that matter, feel free to thrash the comparison if you like ]