Re: 4/0 Feeder Wire
What type insulation? Is it overhead, underground, in conduit, UF?
Nathan, with out doing the math, I take it that you are using the 200 amps for your calculation, which would only be necessary if this was a known connected load value. It is doubtful the panel would ever see this or even close to it fo any length of time. (I could be wrong)
Sterling needs to give more detail.
Roger