If you haven't had the gearbox apart, then it is likely the 200W of no load current is mostly the gearbox. Organic grease is thick when its cold, and gets thinner when its hot. "Synthetic high-temp automotive disc brake wheel bearing grease" is designed to retain its designed viscosity whether your car is parked in the snow overnight, or you are driving through the hot desert. You should be able to find a large tube locally for under $10, designed to insert into a "grease gun". Clean out the old factory Cyclone grease and use a LOT of synthetic grease.
If no-load is high with no gearbox, it might be a bad Hall-sensor wire combination. Keep the red/black together and swap around the blue/green/yellow
After the gears and bearing are broken in, they will run smoother, but one of the reasons Cyclone products are so affordable is because they use very affordable components. Check the no-load on the motor with no gearbox. Clean and re-grease, then check no-load with gearbox on. Then....ride for a month, and check no-load again. Please post back here for the benefit of others.