Trevor,
I was thinking, there must be another solution.
Here is what I found : http://www.bad-neighborhood.com/text-link-tool.htm
It's interesting because it goes one level deeper, by scanning the destination page.
For instance if you have a link to somecasinoonline.com they will check that page and try see how many questionable links are there.
It does a pretty good job apparently, but does not include text anchors
Gil