Any idea how to combat zap cycling where two parties agree to zap each other’s content continually, effectively boosting each other at near zero transaction cost?

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It’s just zaps. I don’t think we need to overthink this at this point

Zaps are like any other reaction in #nostr: they could be easily faked.

The signal is not in the quantity but on the quality: it's not 'how many' but 'who' react to a post.

I reckon Web of Trust (kind of) is where is going to reside the signal. What are your follows doing. Nobody can faked your follow list. Just you.

The rest is noise.