I think you answer yourself
You don't use VMM for SOFS management, so it can work well for you. But in implementation, where VMM is used for full SOFS management, there is simple nothing like Volume link labeling. 200TB RAW storage is something like 10 Volumes, try imagine systems with 1000+ TB with 100+ volumes.
Add NTFS - VMM 2016 + ReFS solve your legacy FS optimizations
Add VD - Properly setup Storage Pool defaults can solve your per VD customization.