No it doesn't. It means you just charge it to 150 mile range then make sure you charge it before you get down to 50 miles unless you take a long trip. Not a problem if you charge at home every night like most EV owners do (like a cell phone). Most gas car users probably operate in a similar manner already except they don't have the advantage of being able to charge up conveniently at home.
You still have the extra range for longer trips or for contingency, of course.
Other advantages of a large battery: The battery can discharge at a higher power and with more efficiency for the same power. Same for charging.
And yeah, even with the extra weight, you're far ahead. Big battery is the way to go. Charge it like I've described, and the battery will last for 200,000 miles, probably more.
And remember, because you have a big battery, you also can tolerate a LOT more battery degradation. If you have a 200 mile battery initially but only need 100 miles of range, then you might be able to drive the thing, say, 500,000 or more miles before you run against that 100 mile range requirement.