Sorry it happened. :( Glad you made it to the pier when it did let go. There are a lot of people running these boats with 200HP engines. In fact, while I cannot speak for every engine made by every maker, I do know that most times the difference between a 150, a 175 and a 200 was purely a matter of the carbs that were on the engine. The blocks were all the same. I invite "Mr. know it all boat mechanic" to come look at my boat with it's nice shiny 1993 200 HP Merc engine that's been on her since I got her several years ago. Depending on the year, these boats are rated for up to 225 hp. As long as your transom is solid you should be fine with a 200.
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1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer
All towed by a 5.7L Hemi Durango.
If God didn't have a purpose for us we wouldn't be here, so
Live simply, Love generously, Care deeply, Speak kindly.
(Leave the rest to God) 
Silence, in the face of evil, is itself evil. Not to speak is to speak, not to act is to act. God will not hold us guiltless.
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