Please don't listen to this guy. No offense but you have regurgitated the same info that every other person does. There is no penalty for link bui9lding too fast or too slow or whatever, at least in my findings. A new site has no authority therefore will not rank regardless. New sites can get links really fast if you build them right. Doesnt mean you have to build them manually (which you shouldnt be doing anyways unless you want to fail miserably).
I have found that if you do massive LBing in the begginng, you can get yourself on a hold until google establishes your site. Had this happen with 3 sites no and it seems to be a 3 month hold sort of thng. However, if you do build massive shitty links than you might as well forget it. I figure why not start building from day one and let it rip, if google puts my site on hold so be it. Otherwise I would be sitting around doing nothing.
Also, I have found no evidence of google hurting rankings by stopping the production of links. I have gone a whole year without building a link to one of my sites and my site keeps rising. Hmmm.. I have unique content and have built "quality" links years ago but no evidence suggests your statement is true. Also, I did link building in the thousands of thousands of 2.0s for this site within a one month time period. This is just one example and I have many that I can name off.
Why do people suggest things without proper testing?
I can likely say that your site that was penalized for something else and your one time experience left you with the concept that it was because you stopped building links.