VSP,
My sister has that motherboard with an Athlon XP 1700+ on it. She has a Western Digital 120GB hard drive in hers as the primary master HD.
With the latest BIOS, it should work fine. If you get a Western Digital HD, it will be even better. I have seen their 200GB drives work on PCs of similar vintage with no issues (at least I remember so, memory is getting shot as I get older!). From what I remember, WD drives didn't need UDMA133 cards to work with UDMA100 buses and > 128GB partition sizes.
If worse comes to worse, you can just drop a PCI card in and that will work OK (I did that for Margie's old Celeron 500 when I got her a Maxtor 80GB HD).
The only thing I would get if I were you would be a ton of RAM for XP. That motherboard will take 1.5GB of PC133 SDRAM. (however, I'd recommend a minimum of 512MB for XP Service Pack 2).
For the price of the added RAM, you can get a decent Socket A motherboard that takes DDR, will accept your CPU, and would have UDMA/133 support. You're going to be installing XP anyway, so you might as well take advantage of it
.
Mitch