Yes, it does a bit. 200 has lower final (0.67 to 0.70) and 700 has steeper 1st (3.06 vs. 2.74), 200 has better “spacing†between gears. Ultimately, I let no computer and less mods dictate choice. Either generally can be made to handle horsepowers involved.
Availability of Trans is also an issue. I hear the 200s are getting harder to find.
1968 400 Coupe, verdoro green, black vinyl top, auto 1969 GTO Judge coupe, Carousel Red, manual 1971 Trans Am, cameo white, auto 1970 Buick Skylark Custom Convertible 350-4(driver), Fire Red, white top, auto 1972 Buick GS Stage 1, Royal Blue, black vinyl top, auto