I've had oscars most of my fishkeeping life. 220 is plenty big since they already get along. The bigger the tank, the easier and more forgiving the maintenance. I kept 3 in a 125 for years but it was attached to an aquaponics system which served as a shared filter for another 125. The total gallons was closer to 300. The habitat was the size of a 125.
Now, the fun part. Stocking. The challenge will be finding large enough tankmates that the oscars don't decide to pick on them. With enough territory and non-tiny specimens you may be fine. When I've stocked oscar tanks I always added all the rest of the fish a year before the oscars so the oscars grew up under the misconception they were the smaller fish in the tank. Doing it your way will be fun, too.
I've always had a pleco in every tank. I still have pictus cats that have outlived all the oscars. They're at least 10" long and as hearty as anything. The big box aquarium stores claim they grow to 4" and are good for community tanks. Nothing about that is true. I also have kept schools of silver dollars which are too fast to be interesting to oscars. Several varieties of those get pretty big, too. I'll agree with your idea about severums; they're pretty great. They get plenty big and have great color.
I agree with FishAddict about catfish. An interesting cat can be a nice thing because it doesn't compete with oscars in any way. Research whatever you're leaning to because catfish can get huge. Even the ripsaw as recommended above can get to 40". There are plenty of other oddball cats, though.
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In reflecting back, I rarely felt my tank was underpopulated and was always glad I didn't have to deal with constant water changes. It's always possible to add another fish in a year. Keep us updated, this is fun.