Thanks for all of your advice but things have been decided for me as far as power goes.
Jeepster asks why the meter pedestal? Edison insists on meters being on the edge of the ranches next to the road so that they don't have to cross private property to access them. My installation was delayed by 6 months because when Edison went to inspect the handhole two doors down the crew got death threats. The power plans said "beware of 6 pit bulls" that the neighbor supposedly has. He doesn't but anyone who reads those plans will know not to go into that yard willy nilly. Along with my install that handhole deep inside the guys ranch was also moved to the edge next to the road. It's the wild west out there

You city slickers wouldn't understand.
Why 200 AMP? Edison said that 200 AMP is the service that I will get. I told them that the plans for the house call for 100AMP. They said take the 200AMP. You don't have to use it right now. You can always build a second house and use it later. OK, fine. Either way most meter pedestals are for 200AMP service. It seems to be the standard.
As far as 2 AWG between the meter pedestal and the house. I callled my Los Angeles County building and safety electrical division because my inspector said they're the boss. Building and Safety said that 2 AWG is what I need. The issue of 4 AWG came up but they said if the distance is greater than 30 feet I need to use 2 AWG. OK fine. I'm not going to argue with the boss.
Regarding indoor vs outdoor panels. I'll take dave's advice. I don't like the idea of a rusty box outside either. I was considering an outdoor box because I have some 10x12's I want to connect as well. I can build anything I want, no permission needed, as long as it is 120 sq. ft. or less. Currently the 10x12's are used for storage but they will end up being used for living quarters. I could install a junction box of some sort outside and the rest inside.