Having outgoing links to authority sites, shows an indication of usefulness for the end user which Google is looking for, because Google wants what's best for the end user. We have heard that from Matt Cutts time after time.
So, furthermore, first, I would just test it, because you don't know till you test.
What I would personally say would be have a mix of both (links to authority and internal links), because if you have been following the SEOmoz blog, the post today (http://www.seomoz.org/blog/facebook-twitters-influence-google-search-rankings) actually talks about ranking factors at the end with a power point, and internal links were still deemed a very valuable part of on-site optimization. So, I would change half of the outbound links to internal links.
Once again, just test it, then you can draw the conclusion yourself for your site and niche.