I'm pretty sure the Mariner 15- Mag is a 2.5 liter engine. The same basic engine was made in 200 and 225, so going to a 200 would not be a big difference. Weight could be an issue, as the 2.5 liter Merc/Mariner was right around 400 lbs depending on leg length. The 20" was just under 400 and the 25 was around 420 or so.
Merc does not sell 2-strokes any more, so you are looking a a 4-stroke V-6 at 175HP and around 470 lbs in the Mercury line. Suzuki's 4 cylinder 175/200 line is over 500 lbs, as are the 4-cylinder Yamaha 175/200 models. The Evinrude E-Tec 150 is a nice V-6 2-stroke that comes in at 418 lbs. and would be a nice choice for your boat. You would likely have to change controls for the E-Tec, but the Mercury could use the same throttle and shift controls. No oil tank for a 4-stroke either.
IMHO - the E-tec or the Merc would be good choices for your boat. Another choice would be to find a last-year Merc Optimax 150 somewhere. These are going for good prices now as close-outs, and most dealers will throw in a 5 year warranty with them as well. The Optimax 150 is a 2-stroke V-6 and weighs almost the same as your Mariner at 420 lbs. and uses the same controls and oil tank.
Hope this helps - good luck!