The amount of writes to the PF purely depends on how much RAM you have installed.
200MB may not be enough in most cases. On my own machine after 2 days of Lightroom/Photoshop, gaming and media watching as well as constant browser usage my PF is using a max of 220MB of space (now at 165MB), it is manually set to be 2GB min/max.
Monitor your usage using Windows gadgets or the Resource monitor and then manually set a small enough pagefile based on your usage.
Do not put it on a slower HDD, that's a bit pointless tbh and will decrease performance as the PF gets utilised over heavy sessions.
For reference, I have 16GB RAM and as you can see, the PF is still required and used by Windows, even if the actual usage is tiny (220MB), it's still a needed thing. So yeah, manually set its size if you have a small SSD but set it compensating for any additional need for those times that the usage may increase.
I can't ever see anyone on this forum that I've seen posting so far, using so much pagefile that they need to leave it system managed.