I own the 201's, the 202's and the 205's.
Sound quality on all of them is pretty indistinguishable however on-head comfort ironically is an easy win for the 201's, the 202's are very tight, the 205's not quite as bad but still not great.
I ended up giving the 202's away to a female friend who really likes them (she has a smaller head than me).
If the cords are fraying there isn't much to replacing them, the other option is to cut the cord about a meter from the headphone and put a female connector on, then you can use arbitrary length patch's to extend the range.
One of my next projects is to drill through my desk and surface mount another female connection so I can sit down and plugin (otherwise the damn cable manages to get wrapped around the chair, the desk or usually a cup of coffee on the desk).