No.Isn't this one isolated from the AC?
But as we've been continually going round and round about, you need to define "isolation".
The capacitors will isolate you from a DC difference between the two.
It will not isolate for an AC difference between the two, but that may or may not be a problem.
It depends upon what you are trying to isolate from.
In other words what is one circuit doing that you don't want it to effect the other circuit?
That has not been clearly stated by you, other then to mention 200Vdc.



