This is what I was originally going to post before reading the whole thread and realizing '40×200' could really be a tough and very aerobic 10 miler with 200 floats. That's what I wrote about above. Here's another (my 1st) idea:
Is it a good marathon workout? It is if you run 20 miles before it. If you run moderately until you're tired and low on glycogen, this kind of thing is an excellent way to learn to burn fat and overcome muscular fatigue. In this context I refer to a session with meaningful rest between reps, as opposed to a continuous effort such as the alternator. Think of whatever workout you've done with 200s at 5k pace.
Here, you'll be doing well to nail 10k pace, and the rests may be twice as long as you'd normally use for an interval session. That's sort of the idea: you're running out of gas. Of course, not everyone will be able to survive much fast running after going 20. Well, start with doing 14 miles with the second half at marathon pace. Go straight into the OP's 200 workout. Then make it longer. The 200 pace will suffer - and again, you're doing intervals like you always do, not like in my previous post - but that means you're going long and hard enough in the 1st phase of the workout.
If you can do 20 with several miles at marathon pace then 8k worth of 200s, you should be ready for very marathon-specific work such as 13 miles moderate, 10 marathon pace, 3 all-out ('all out' in this setting is probably not 10k pace!) Any number of possibilities such as this exist for your final, very specific long runs. Squires 'Tiger In The Cat', Canova's 40k mixed pace runs, or simple (but hard) 25 to 27 milers progressing the whole way.
The longish run + 200s is a bridge to those. It can teach you to get through the late miles and avoid the 'wall'. Getting through this long version of the OP's workout a couple times should set you up for your last couple very specific and very hard marathon sessions. Just an idea.....