Hey,
I have an '87 that I rode for years. I don't believe they made any changes at all to the engine/gearbox/electrical. Obviously, they chopped the suspension, removed the lights (but not the lighting coil), and changed the colors, but that's about it that I'm aware of.
I put on an XR's Only Competition exhaust, UNI airfilter with the airbox snorkel removed, and rejetted per Xr's Only's recommendations. Furthermore, I needed a new chain and sprockets. I ride in alot of soft sand here in NW Florida so I decided to gear down and go one tooth bigger on the rear sprocket (48T up from the stock 47T).
The end result was great. Throttle response was nearly 2-smoke like, very crisp, clean and would build revs quickly. The pipe is obviously louder than stock, but louder in a low bass type of thump. At low to mid RPM's it's pretty quiet, but at higher RPM's it puts out a note, but still not unpleasant in my opinion. The pipe is a Supertrapp design, so obviously it is tunable by adding or removing discs. With the gearing change and air/fuel mods, the little 200 would carry my 190lb butt through the soft sand with ease, through ALL 6 gears. Before, with the stock setup, I couldn't pull 3rd gear without bogging down in the same soft sand. Top speed was hardly compromised, my speed record before, (with stock speedo) was about 72mph (75 down a hill). After the mods I could still pull ~69mph on a long straight.
Good luck.