A 3" is good for over 300hp, anything bigger is just for bragging rights. People are getting over 500hp from turbo cars with 3" exhausts so our 200hp should be easy. Noise wise, my wife says she can't hear much of a difference when I drive past.
My fuel pump is set for "Over 185hp" according to the injection pump shop, that's at at 10 PSI boost, and I am now currently running 16PSI boost so should be a bit better than that. I have a water cooled ball bearing turbo, intercooler and a matched and calibrated set of bigger injectors. My pre turbo EGT gets up to around 620 Deg C, so pretty comfortably within reasonable limits. I also have the oil squirters to cool the pistons, without them, you should not run more than 160hp as the pistons will melt.
Getting a OM352/366 to over 200hp requires a lot of work, first off you need the bigger fuel pump with the 10mm plungers, and even bigger injector nozzles. I think you also need a new camshaft, and a bigger turbo, and inter cooler along with the bigger air cleaner. Then you need to upgrade the transmission from the UG3/40 to the heavy duty one UG3/65 from the U1850 or bigger mogs with the extra oil cooler. I get worried about over-stressing my transmission on long uphill climbs due to the extra power I'm putting through it.