External filters are always better imho but that's only if you have the space of course.
Having said that, fluval internal filters, in particular the U series does exactly what it says on the tin. A very good and well built internal imho. I used to have the U3 and absolutely no complain about the performance of this filter. The only thing about these filters are its fairly bulky and takes up some room in the tank, but can be hidden with some well placed wood or plants
The U4 would be fine for your 200l tank, it's apparently suitable for up to 240litres.
A rule of of thumb when it comes to filters, a lot of keepers like to get the next size up of filter for their tanks. Say I have a 100litre tank, I'd actually want a filter for a 200litre tank for the 100l. There are several reasons, one, the manufacturers nearly always state their filtration up to whatever turnover per hour is with a EMPTY filter, no media at all so once you fill the filter with media the turnover will fall by some margin.
The only manufacturer I can think of who are actually pretty accurate with their information is Ehiem. A good brand, a little more expensive but worth looking up.
The other reason is, more often than not, keepers want to upgrade their tanks so by having a already oversized filter they won't have to worry about buying a new filter.
Thats just a suggestion, there is no reason at all why the u4 is perfectly fine for your purposes. Hope that helps.