I take it back. Supplier had a 200A breaker in the main breaker panel so 3/0 feeders to the subs would suffice.
Still looking at upping the amps though. I'm going to chart my loads to help me decide. Easy to overlook concurrent loads.
I'll probably end up running a 3" IMC mast with a LA400R main enclosure so at least i have the infrastructure to upgrade easily if needed.
If I run a trough below i can tap inside that to feed two sub breaker panels, whether that's breakered outside or change the inside subs to breaker subs.
You will have the tap rule if you want to reduce the size. I would put the gutter inside over the two panels with a main breaker to each panel. Indoor splices will have less risk to outdoor related decay like heat, dust, storms, critters, insects, etc.
There are a bunch of ways to cut a cake. It is too hard to describe all the ways you can or possible could complete the goal.
You are on the right track.
I would advise looking at possible parallel runs of aluminum or copper (only allowed to do parallel if it is 1/0 or larger) to reduce the wire size. Sometimes that can help reduce cost. Even if you have to use more conduits.
You can make a tap inside, right after the main, with a gutter above or below the panels. Just careful about the depth of the gutter being in the working space. Make splices with Polaris taps, and land in a panelboard with a main breaker or a simple fused disconnect switch and reduce the wire size to them based on their protection. See 240.21(B) for 25' tap rule. Then run that to where you need it.
I would advise against romex in a commerical enviroment, and probably suggest MC instead. It might even be easier to use since it has less restrictions and rules.