Justin,
I would think that Map might be faster:
s35vertlist = Map[VertexDegree[Subgraph[s35, #]] &, cyclelists35]
Sow works like this -- you don't append to the list -- it just collects the values. I do not recommend this in your case because you want a value returned for every element in your cyclelist
s35vertlist =
Reap[Do[Sow[VertexDegree[Subgraph[s35, cyclelists35[[i]]]]], {i,
Length[cyclelists35]}]]
Try doing an AbsoluteTiming[] for your loop and the Map and post the times. I am guessing that the Map is faster.
Regards