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We have the same issue.Look at the merge leads API. We wrote a routine to merge these leads once a week to the lower id (lead id). You can pull the leads off a copy of the "possible duplicates" smart list, as you can not read from the system smart list, and limit your merges to a number so they are...
You can do this by sorting the data your calling program (python/go/c#, etc). I don't see a sorting option in the API