Yes, you have seen breakers which are rated for both AC and DC. If a breaker is capable of handling a DC current, it is most likely very capable of doing so on a much more manageable AC current.
Many Aripax and Heinneman breakers carry dual ratings, and Square D makes breakers that clip into their standard household load centers with dual ratings (good for DC up to 48 volts).
It isn't just a matter of the distance of the gap that opens when the circuit is interrupted. High voltage, high current circuit interrupters of many types use additional techniques to snub arcs. Some use magnetic snubbers, others have internal baffling that breaks the path of the arc, while really high current switches and interrupters use compressed air to blow out the arc. Oil filled switches are also not uncommon, even in low voltage circuits (12 volts and up).
Even if your 200 ampere breaker was rated for DC, 500 amps is going to make it trip even during short period transients. Breakers typically have two trip modes, thermal and magnetic.
Most breakers will allow drawing more current than the trip rating for short periods of time. This is necessary to prevent nuisance tripping whith short term overloads from surges associated with motor and resistive load starting currents. They will sustain the higher current, but only for so long, the internal resistance of the breaker will cause it to heat up and it will eventually trip.
A short circuit, or a current draw of 1.5 times the rating of the breaker or more will cause a magnetic sensor inside the breaker to activate, tripping the breaker immediately. You might get by drawing 250 amps through a 200 amp breaker for a few minutes, but pull 400-500 and the breaker would let go at once.
What you have is a nice, big three-pole breaker, and a great paper weight, but look elsewhere for your DC disconnect equipment.
Oh yeah, and in case you wanted to see the results of DC arc-over, here's the field contactor out of my EV after it got a hit of regen current that was supposed to go into the batteries:
The top of the contactor has been removed. The black strips you see are soot and burned insulator, and the ends of the armature used to have large silver blocks, all shiny and bright. I managed to save this relay, but there wasn't much left after the fire. The same failure took out my field control board, turning it into a crispy cinder, and stranded me 190 miles from home in the middle of the desert in August.
Here's how I got the car home after that adventure: