It really depends on your set-up, the kinds of fish you have, and your bio-load. For example, for a cichlid or goldfish tank, which is probably plantless, a AC 500 on a 33 gallon would pose very little problems. If you have a lot of fast moving fish like tetras, or active livebearers, I think an AC 500 turned down low would be okay. However, if you have a lot of slow moving fish, like angelfishes, heavy turbidity might not be the best thing for their comfort. The turbidity might be a bit much if you also include the Fluval 204.
However, if you plan on using the AC500, I would use some of the AC 200 media in the AC 500, just to jump start the biofiltration in your new filter. I would also consider whether the excessive turbidity would cause a lot of surface agitation which would drive off the CO2 which wouldn't be good for your live plants.