I’d say the real answer depends on what conditions you’re shooting in. If you have a 400 or 600 2.8 they make a gigantic difference over a 200mm lens both in real reach, sharpness and importantly bokah. But if you’re shooting on a hot football field for instance you’re going to run into distortion from the atmosphere.
Honestly there is just very little comparison between a 200 and 400, let alone a normal focal length lens.
If you’re comparing the godox v1 to the godox V860iii, in my experience and from the reviews, the v1 is much more durable than the v860iii. Don’t know what’s the issue with the v860 but they have a nasty habit of dying in a year to year and a half.
I have both and the light is basically the same unless you’re shooting a specific shot against a wall. The V1 does have a really handy magnetic attachment mechanism that lets you put gels and a diffuser on it super easily which is actually the main advantage.