Err... did I say 200dpi? I don't recall that. Sorry if I did, it's not important. It should be 72.
I use Photoshop save for web (SFW) in CS5 and I find it works very well. I'm not sure if it's the same in other versions. I find the preview panel (see below) very useful as you can change the quality settings and compare the result before you save. This one is of a 24MB PSD saved at 90 image quality, and you can see it compared to the original PSD. I made my file the same size as yours (737px long), and it came out at about the same file size of 250k. I have also included the actual JPEG from the save for web. I did sharpen it after I had saved it as this sometimes improves it. I think it depends on the shot. I set 'bicubic sharper' in the SFW dialogue as that's supposed to be best for reducing images.
I saved mine at 737px to keep it the same as yours, but there isn't normally much point in doing that. Anything over 700px gets rescaled here on CiC (but perhaps not elsewhere) and there may possibly be some loss of IQ in the rescaling - I'm not sure on that. If you want to post a larger original so members can do a 'view image' you might as well go to a much larger size, such as 1024px. It still gets rescaled here, but members can see the larger original and get a larger view of it in a different browser window. What I mean is, there isn't much view difference between 700 and 737, so why do it?
The other thing you could do is create your file at say 1600px and post it to Flickr. There you select a 700 version and get the link for posting on CiC, and provide a link to the 1600px version on Flickr and put that in your post as a URL link, rather than an IMG link. Snarkbyte did something like that today
here
I'd be interested to hear what others do?
Final JPEG output. If you right click it and do view image info you will get the stats on the file (on Firefox at least). Splendid chap, isn't he?