The shutter takes 1/200th of a second to operate, however it isn't fully open for all of that time.
When the shutter is released, a gap the size of the sensor slides across the sensor, so there is only a fraction of a second that it is fully open (less than 1/200th) and if your flash fires at a 1/1700th, if it fires too early or too late, the moving shutter will cut off the light from that part of the frame.
So, if your shutter is fully open for 1/1500th at 1/200 shutter speed (arbitrary number, but the maths are possible) and your flash fires at 1/1700 then you have a tiny amount of leeway to get all of the light into the frame, hence why the sync speed is set to that.
I think. :mrgreen: