A no-follow backlink, but contextual and with relevant traffic, counts more than a dozen of do-follow backlinks, but non-contextual and without any traffic (not sayin' with fake metrics). Of course, a relevant do-follow backlink, with traffic and nice metrics, is the most wanted one.
While Importance of of no follow links have been debated since a long time ago, I prefer a mix of mix of do follow and no follow. Every link to be do folllow is a red flag, specially if you are building links on autopilot.
IMO, a mixture of both links are beneficial to the website. Also it depends on your competition too, but a mixture of both links should do you well. Spam and poor links are not recommended in this section.
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