I'd at least replace the lower radiator hose too. The upper
hose is easy to reach, and the water pump can be left alone
unless it's leaking or is the original one with 200K miles.....
I look at things a bit differently. I just replaced my radiator over the weekend. My wagon has 140K miles on it which is a far cry from 200K. I decided it was as good a time as any to replace the water pump, thermostat, and all hoses.
After removing the fan and radiator, I immediately noticed the w/p shaft seal had a small leak and there was quite a bit of build up on the lip. Now, maybe it would have lasted another 60K; maybe it would have failed while I was 40 miles from the nearest paved road. I consider it cheap insurance to change a vital part that only costs $30-$45.
I think my total investment for a new radiator, new water pump, thermostat, upper/lower/bypass radiator hoses was just a hair over $200.
It's a fairly easy project, too.