Is it acceptable to work with two external recruiters at once? For different positions. What are the rules?

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Yes. Always do what’s best for you. Companies are interviewing other people, why shouldn’t you also interview at other companies?

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Dude yes. Pit them against each other. Ignite a bidding war.

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Well that's a horrible idea unless you want a rep amongst recruiters that you're a creep.

Of course if it's for two different positions at two different agencies, you can work with two different recruiters. Might it become a bidding war? Maybe. Might you also piss a bunch of people off and end up with no offers? Yep.
Just be transparent that you're interviewing at other places too.

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