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I assume "200" was not a typo and you really didn't mean "20"...20 is what I typically use.
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Nah, by "200" I mean a truckload of recips. IMO 20 is too many but your mileage may vary.
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Should you always no follow your affiliate links?
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No, but if you want your free site pages indexed in Google, not nofollowing aff links can cause problems for two reasons: 1) Google doesn't like to see aff links that pass juice, since they're not editorial 2) Less juice flowing to your free site pages.