A 300 MCM copper conductor with an insulation rating of 90 degrees C is rated at 320 amps. Parallel the feeders to obtain a total of 640 amps. This will be acceptable as service feeders for a 600 amp service.
A 400 MCM aluminium conductor with an insulation rating of 90 degrees C is rated at 305 amps. Parallel the feeders to obtain a total of 610 amps. This will be acceptable as service feeders for a 600 amp service.
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A 3/0 aluminum conductor will limit the voltage drop to 3% or less when supplying 150 amps for 150 feet on a 240 volt system. This size will allow the conductor to be loaded to 120 amps. 150 x 80% = 120 Conductors are only allowed to be loaded to 80% or their rated capacity. If you need the full 150 amps then you would need to use a wire with a rating of 190 amps. 190 x 80% = 152 amps A 4/0 aluminum conductor will limit the voltage drop to 3% or less when supplying 190 amps for 150 feet on a 240 volt system.
As long as the voltages match a 60 amp service will handle a 700 watt microwave. The microwave will only draw A = W/V, A = 700/120 = 5.8 amps.
A 200 amp service panel with a 60 amp sub-panel.
Cross section area =60x10=600Sqmm For copper we can utilised 2 amps per sqmm hence we can load upto 1200 amps easily.
Most jurisdictions will no longer allow the installation of 60 amp main service panels. If you are doing a repair, and a simple replacement MIGHT be considered a repair, you might get away with replacing one with the other. But if you have the time, money, and/or you KNOW WHAT YOU ARE DOING, I suggest you upgrade the service to at least 100 amps. Even in small homes the typical installation is now 125 amps. And if the home is all electric, typical installation is 200amps. Replacing a service panel can be very dangerous. Do this ONLY if you know what you are doing and how to protect yourself from injury. If you are guessing, DO NOT DO THIS TASK.