I have a linux dedicated server machine(8cores 8gbRAM) where i run some crawler php scripts. The load on the system ends up being arround 200, which sounds a lot. Since i am not using the machine to host content, what could be the sideeffects of such high level of load for the purposes stated above.
Machines were made to work so there are no issues with high load average, per se. But, a high load average can be an indicator of a performance issue, often. Such investigation is usually application specific, but here is a very general guideline:
Since load average is a combined metric of (CPU, IO .. etc) you want to examine all separately. I would start with making sure the machine is not thrashing, by checking swap usage (vmstat comes in handy), and disk performance (using iostat). You may also check if your operations are CPU intensive.