My home power installation includes an automatic transfer switch for an outboard generator. The electric company replaced the meter assembly with a new one that sticks out an additional 6 inches and added another metal box for control circuitry and the plug for the generator to connect to. The 200 amp transfer relay is inside the new meter assembly. It is noticeably bigger than the old one and is hard to miss.
If they replaced the meter assembly with one to support remote monitoring, it is conceivable they could have included a 200 Amp relay in there. The relay wouldn’t need to be physically larger than your main power breaker, but I would expect to see the whole meter assembly be a bit bigger than your old one.