My wheels arrived yesterday for my FM08, which I suspect is the same frame. The eye-to-eye at lowest bottom out**, to the '200' flip chip position, is 131mm. I didn't measure the eye to eye at bottom out to the '210' position, but it is probably 10mm more (around 141mm). Would need to check that it is at least 143mm before putting a 200x57 in the 210 position.
**On my frame, with a 29x2.35 rear tyre,the cross brace on the swing link contacts the frame. Maybe with a bigger tyre, the tyre might hit first.
If you have a look at the leverage curve, you'd notice the leverage ratio is around 3.0-3.2 at top out. Putting a 200 e2e shock in the 210 position would take 10mm of shock travel off the top, which would translate to around 31mm at the rear wheel, the the back end would drop that much. The BB would drop less, because it is forward of the back end (prob drop about two thirds). I haven't done the exact angle calcs, but that much rear end drop would make it way too slack for me