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Hi. Several things:
You can easily upgrade to vented front rotors of the later year 240's. Just buy new rotors and calipers -- it's a direct bolt in and easy (not to mention hooking up the lines to the new calipers and flushing the fluid).
You can also look for rotors that are better (but not larger) than stock -- e.g., slotted and/or cross-drilled (e.g., ATE "PowerDisk" rotors); as well as better pads (e.g., PBR). But there are no higher-performance calipers (and the stock calipers are really good, four-piston units anyway), or larger rotors, that I've ever seen! And there's no room for them anyway unless you commit to larger wheels and tires, too.
The 700's brakes are NOT an improvement. 200-series calipers are bolted and stationary, and have pistons on both sides of the rotor, for best performance. In contrast, the 700's calipers are of the "floating" kind, meaning that they slide back and fourth along a metal rod (or "pin") because they have pistons on only one side, and the caliper's body has to move sideways with each brake application to squeeze the rotor on both sides. This movement twists the caliper, and they tend to bind unless the pin is kept will lubricated with anti-sieze. You can draw your own conclusions, but the 700's calipers are prone to problems, and I don't know anyone with a 200 who would want the 700's symptoms.
Also, the 200's calipers are so easy to affect a pad change -- not so with the 700's calipers.
The 200's calipers can last almost forever, assuming they've been well-maintained, which mostly means just annual brake fluid flushing [I just did a brake job (new rotors and pads) this weekend, and these original calipers are still great even after 20 years and 202,000 miles]. You've got a good system, and I suggest sticking with it. Just go to vented rotors (and the requisite wider calipers to accommodate them), and pick slotted and/or cross-drilled rotors and better pads, if you want something a little better.
Good luck.
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