200 yards is easily doable if you tune your load and practice. My Omega will shoot sub-2" at 200 yards with 110gr FFg 777 under a 200gr Shockwave.
My first suggestion is DON'T BUY THAT TRADITIONS!!! I had their Lightning LD...it took forever to get it shooting accurately (which it did well, EVENTUALLY). Plus the firing "pin" lasted only 2 shooting seasons before it wore down causing misfires. Plus it was a PAIN to clean. Plus it occasionally went off when the safety was pushed off! Their quality is poor and for about the same money you can get a much higher quality gun (Knight Wolverine, T/C Black Diamond, etc).
My second suggestion is don't use the XTP. That is NOT a 200 yard bullet! That bullet will lack enough energy to be reliable at 200 yards due to its terrible BC. Use the 200 or 250 gr Shockwave, Precision Rifle QT, or Precision Rifle Dead Center. Or any other "pointy" bullet out there.
My third suggestion is that if you plan on shooting that far, get a decent rangefinder. You can't eyeball that accurately enough to make up for the bullet drop...too much chance of wounding without knowing your range.