Great debate! I owned and drove a 2000 lc 100 for about five years and loved it. I know it's not a 200, but it was a wonderful truck. After the lc, I bought and drove a 4d rubicon and took it all the places I'd driven my 100, and more. After owning the jeep, I longed for something bigger which had rear air, so I bought a 2nd gen '08 sequoia. I then took my sequoia all the places I took my 100 and some places I took my rubicon. I can say that my sequoia performs similarly to my 100, but no where near my jeep. I love my sequoia as I've lifted it and gone to TRD wheels with duratrac 33's. I'm willing to bet the 200 is probably superior, but for what I've been doing, the sequoia hasn't let me down. The 4wd system is similar to my 100 and It takes my boys and I to all the same places my 100 did. I will admit that I sacrifice some clearance with an independent rear end, but my sequoia has the same ifs as my 100 did so that's really the limiting factor. I paid 29k for my used SR5 and it was much cheaper than a used 200. I did look at 200's before my purchase and the interior is very similar to my old 100. My sequoia has served my boys and I well in the Nevada desert and we have taken it many places that many others might not dare. I think the choice really comes down to cost and being realistic about where, off road, you may be going. In my humble opinion, the sequoia is underrated. I love mine and would not hesitate to recommend it as a moderate off roader.
Peace, mike.