Thanks all for the comments! My first post was (intentionally) a bit vague - maybe I can shed a bit more light. I'm putting in a new shop about 100' from my house, and exploring what my options are for getting power to it.
Currently, my electric meter (200 amp service) is installed on my house - it's fed by an aerial cable from a pole-mounted transformer ~125' away. From what I can tell, I have two options to get power to the shop (shown in the picture).
Option A - run new cable (underground, thinking MHF) from my existing house-mounted breaker panel to the shop. I think 100 amp would be more than adequate. Problem is, the breaker panel and subpanel next to it are already very full. I could potentially replace the subpanel with a larger one, and then run my new 100amp wire from there.
Option B - move my electric meter back to the utility pole - my PoCo doesn't have any issue with this. From there, I'd run 200 amp service (underground) to the shop, and then feed-through 200 amp service (underground) to the house. In this scenario, the intent with feeding from the shop to the house (rather than from the house to the shop) is so that I can install a generator + transfer switch at the shop, and then power the house in the event of an outage. I'm thinking this would involve running 4/0 aluminum (or 2/0 copper) from the pole -> shop -> house. I'd also have to split the grounds and neutrals in the house panel, since it'd be converted a subpanel.
Option A seems more realistic - the main downsides being 1) have to figure out some way to fit the 100amp wires in the existing breaker panel, 2) I can't feed the house from a generator located at the shop (not a deal-breaker), and 3) we were going to use this as an excuse to take our aerial cable underground (which Option B would've done).
Option B seems more expensive (especially if I have to use copper), and problematic if I can't fit 4/0 aluminum in the lugs of my current panel.
Some might say "add another electric meter to the shop, and just run a new leg from the pole to the shop" - I'm trying to avoid this, as the PoCo charges per meter per month.
This may seem confusing given my original post - in my head, my original post was based on the idea of using 2/0 copper for "Option B", under the assumption that 4/0 (aluminum) wire doesn't fit in my existing breaker panel.
Now that you know the "full" story, I'm very curious to your opinions on this. Thanks!