As I understand it's in the picture scale display switching speed by "V"
x1, x2 multiplier is switching speeds as I understand it.
x1 to 1000 m/sec!
x2 up to 2000 m/sec!
S-200 maximum target speed of 1200 m/sec!
Correct.
You can destroy targets with flight speed of maximum 1200m/s (Mach4), but you can track targets with a maximum speed of 2000m/s (over Mach6).