Can someone answer me a question: why are you guys matching your reels to your rods? Is it like matching your shoes to your shirt?
You should pick a reel that has the right line capacity for what you'll be doing with it. Going any bigger just gives you extra weight you don't need, and extra weight can make a plugging session much more tiring. The reel doesn't care what rod it's on, and if you think a reel isn't "big enough" for a specified rod, you should see the monster fish that guys catch on fly reels that are the size of a can of Skoal. And if you think your setup is going to look weird, you're in the wrong sport: go buy a can of hair gel and audition for Season 2 of Jersey Shore.
According to the specs, the VS 150 holds 330 yards of 30 lb. braid, and weighs 12 oz. This is plenty of capacity for 99.9% of the surf fishing that's done in Jersey. The VS 200 holds a lot more -- 400 yards of 40 lb. braid -- but this extra capacity comes with weight: it weighs 21.6 oz., almost double a VS150. While 21 oz. is not overly heavy for a plugging reel, you will notice the extra weight after you've been casting and retrieving for a couple of hours.
If it were me, I'd probably go with the 200, because there's one particular outflow I fish where the current can really rip, and I'd be worried about getting spooled with a 150. But if the 150 was big enough for the fishing I did, I'd get it in a heartbeat: you should get the smallest reel that will do what you want it to do.
One more thing: Penn's new super-duper spinner, the Torque, is scheduled to be released on May 1. You may end up getting a VS anyway, but if you have the time, I'd wait to get a look at it before you bought anything. I have a feeling that the new Penn is going to be a very good reel -- and it'll be made in the USA, right in Philadelphia, and will be 100% sealed -- and I wouldn't want to be the new owner of a $700 Van Staal, wishing I had bought something else. I have a hunch that in a few months, the Penn TRQ5 is going to be on my surf plugging rod.