Well p2pool may not grow any larger so it may not matter. Still at 200 MH/s p2pool growing larger doesn't help your variance. In the long run you expected return remains the same however in short run higher hashing power results in more variance.
If/when p2pool grows larger it becomes more of a concern. If you want to use a conventional pool try p2pool hybrid pool (it provides a 1 difficulty shares as a front end to p2pool so you can still support p2pool indirectly).