The issue is largely theoretical. The product pages seem to usually outrank the review pages, but I'm just wondering that with so many links on the item pages directing to even more content, are both competing with each other in SEO results and could the item pages' SEO be improved (even if it isn't that bad at the moment) by simply having one page for search engines to focus on?
As for adding the product to each of the reviews, we do indeed do this in a limited manner. I provide breadcrumbs to show the user where they are from a site structure layout as well as a few details on the item itself (as well as our own version of 'add to cart'), but that's it.
Alongside the potential SEO impact, I gotta think that providing some way to view the review on-page (lightbox modal) would stil benefit from a user experience. Taking them away from the item page to a review page and hoping they hit the back button is probably something we should address. Now, as you said, how I handle that is less of an SEO issue, but the potential elimination of all those review URLs is, so I'm wondering also how to handle the 404s and 301s if I go this route. Like you said, interesting issue
Again, thanks for all the help!