there are basically two types of back links
1. No follow
2. Do follow
Do follow back links are definately more important in seo.
There are one way , Two way and Three way linking.
The one-way linking is best, in this linking people knows you you don't knows them, Whenever so many good people knows you(mean popular websites gives one way linking to your web site) then your popularity will increase and you will be move up in search engine ranking . SO ONE -WAY LINKING IS BEST WAY FOR BACK LINK.
Basically two types..
2. Do Follow
Do follow links will add more value to your site. Though a no follow link from a authoritative sites still hold fair amount of link juice
It depends how you define more important. If you are interested in driving traffic then the type of link doesn't matter, the placement is what you should focus on (relevant sites in comparison to what you are promoting). If you are hoping to improve your search engine visibility then dofollow links are most important for Google. These links can be achieved via natural link building efforts.
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