Does the Channel Tunnel mode still allow speeds up to 200km/h?
No, however since the network code is defined in the packets, as long as some speeds exist in multiple modes, you can use those speeds to translate between modes on the fly.
So the Channel Tunnel mode tops out at 160km/h, and assuming 160km/h is a valid speed in the other mode as well, you can transition seamlessly from one system to the other on the fly.
This is how it works at the ends of the Channel Tunnel.
So you could build a system where we use the Channel Tunnel modes and then use one of the other modes to get the 110/125mph speed codes.
But I think LZB is probably the better system as it avoids this limitation entirely.
Even with SSI there is a cost to blocks, you still need the track circuit or axle counter equipment itself plus the modules that interface to the interlocking. The interlocking itself also has a limit on the number of track circuits, so having more of them may trigger a need for extra interlockings. These limits would also apply to blocks in ETCS, although modern CBIs are less restricted than the original SSI.
Indeed there are, but my understanding is that SSIs are drastically more compact than the traditional relay systems that came before, in that they now fit inside buildings rather than being the size of them.
Adopting a proprietary ATP system in the 1990s would have cost far more than TPWS for little extra safety benefit and for an operational disbenefit as well as being tied to a single supplier. That was the conclusion of the studies into the two ATP systems actually adopted (some of which I contributed to). And we would have been in a technological dead end now with all European countries moving towards ETCS instead. TPWS was of course also a bespoke system, but was at least designed to be easily installed on British traction and signaling rather than requiring complex extra interfaces as the BR ATP systems did.
Some operational disbenefits, but also operational benefits.
For example speed limits would be entirely free of sighting restrictions, which would avoid the banner repeaters sprouting like mushrooms and would substantially improve the economics of regional railway speed increases - which are critical if we are going to make the railway a serious transport system capable of helping us meet our carbon reduction targets.
And whilst it is a technical dead end now.... we would have had the benefits of 20 years of cab signalling.....
But I will yield to your superior knowledge of the state of railway technology in the 90s.
However we are where we are now, and it is critical to get ETCS rolled out rapidly if the railway is to become a bigger slice of the transport pie.