I have a huge document to compile.... it will have over 200 individual
documents altogether plus all the front matter, TOC, etc.

I have read that Master docs are not recommended. Is this still the
case with MSWord 2002 version?

Also, these documents have many graphics, embedded math font (universal
math) for equations.

What would be the best way to put this together? Do you recommend the
Master doc method or just put into 4 or 6 volumes and make a separate
TOC?