I agree, the 7200 is the machine to ditch since the only CPU upgrade for it was the prohibitively expensive/hard to find Sonnet Crescendo/7200. Think the Crescendo G3 L2/500MHz (TAM CPU upgrade) is hard to find? The 7200 upgrade is even worse, likely (I'm guessing) because instead of upgrading 7200s people just replaced the motherboards with one from a 73/75/7600 and took advantage of their easy to find/cheap upgrades.
Now between a PM7100 and a Performa 638 I'd go with the 7100 since you've got it all: easy/inexpensive CPU upgrades, a solid RAM ceiling, a case that won't splinter to pieces, and a unique boot chime.