Depending on what you backup, you will hardly ever get a compression ratio of 2 (ie 2x200 = 400GB).
For example, at the moment our two sites have two LTO2 drives with tapes in them, here is what compression ratio they have:
1.72 (344 GB)
1.48 (296 GB)
1.44 (288 GB)
1.78 (356 GB)
The ones at 1.7 are normal word docs, images, excel documents etc.
The ones at 1.4 are database files.
I have also found that the older the tapes get, the lower the compression ratio I get. Some as low as 1.2.