I might further:
* Fix the disclosure page so that it doesn't reserve thanks for people who find "high or critical" vulnerabilities. Sev:medium in security-researcher-land is XSS and CSRF, both of which probably merit thank-yous. I'd just thank publicly anyone who sends you a valid issue.
* Post to Twitter (under a DoorkeeperSecurity alias) the SHA1 hashes of the titles of disclosed vulnerabilities, so you can "notarize" findings and settle grievances about who found what first.
* Go ahead and live with people sending you annoying security reports. People will do much worse things to you than that over the coming years. If your service does well, eventually people are going to stop "warning" you about DoS-susceptibility, and just start blackmailing you about DoS attacks.
But otherwise, I'm not sure I see the downside here. The alternative, of course, is for people to find flaws on your site and then write up hysterical blog posts about it. Think of the annoyance you're dealing with as a small payment in exchange for (some) control over the security story of your site.
I'm frustrated because adding this page made us a target whereas we weren't one before. I agree we would have eventually become a target regardless, but hopefully this would be because we have a well-known product.
I encourage you to harden your heart. A reward/recognition page is a small price to pay for avoiding an embarassing compromise.
If you really want to quash the general issue, pay some 3rd party to do some real csrf/xss/sql injection pen testing against your sight at the cadence that is appropriate for your dev cycle. If you move slow and deliberately, annual or semi-annual assessments can help you intercept the disclosures. If you're more agile, you'll need to consider something more embedded in your life cycle.
A few other thoughts:
1) Develop your copy pasta for your accept, reject and duplicate submissions. Write in a firm but appreciative tone.
2) For email from anklebiting submitters, refer to your policy. Your policy should say whatever you need it to say. If people want to dispute things, always express appreciation for their effort, but point to "the policy" as the reason things can't be the way they want them.
3) prepare for crazy people. Vuln reward/recognition programs really seem to bring out the old school bbs conspiracy theorists.
I'll also echo what droopybuns stated - creating templates that can address preliminary communication (duplicates, request more info, accept, etc.) will greatly reduce the amount of time you feel as though you are wasting. Some people I know tend to ignore the crazy ones but I generally prefer the "kill them with kindness" approach. One email explaining that you do appreciate the time they spent trying to help secure your site can do a lot to prevent harassment and potential bad press.
Best of luck - responsible disclosure programs are never fun for the person sifting through the reports but once in a while they do expose actual vulnerabilities and on those days, I'm happy we do it.
2nd to last paragraph mentioned this which seems like the real issue behind this whole article. Receiving a couple of security emails a day isn't a problem but the fake activity sounds like it's bad for regular users.
No idea how to stop something like this though, maybe put up a page for bounty hunters with some clear guidelines on how they're expected to act?