301 Redirects and W3C Compliance
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I would absolutely fix them, as this is something you have control over and crawl/speed are an important issue. As for other SEO benefits...the only way to find out is to fix them. Statements such as "90% of the link juice is passed through a 301 redirect" have been kicked around for years. It's hard to know the truth/accuracy of those statements, but there is absolutely no harm in updating the links, and potential benefit.
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Yes, fix the links. As Anthony says, there has been a lot said about 301s passing only 90% of link juice, and why accept only 90% when a couple of days work can get you 100%? Even if the 90% thing is all rubbish (I believe it may be but, Mr Cutts did say 301s 'don't pass as much juice' (I am paraphrasing) so there probably is something in the 90% thing.
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