No, if I still have enough insulin on board to cover the correction according to my ISF, I don't correct, because that would be stacking. I would wait and see if the insulin corrects the high in a couple hours.
That being said, a couple comments: You are only correcting down to 140 I see. Even though "under 140" is, in fact, my target two hours post prandial, I do correct to 110 when I figure corrections which is a lot more comfortable number. But in the case you describe you still would have enough insulin on board (and can only correct in whole units - it's a lot easier for me on a pump because I can correct tiny fractions if needed).
I see you are very recently diagnosed so just a couple other things to look at are being sure your ISF is correct by trial and error. It also can vary by time of day. Mine fore instance is similar to yours at night (1:62) but only 1:42 during the day. Also to make sure your I:C is correct and to minimize carb intake especially in the morning. For instance my I:C at breakfast is only 1:5 (1:10 and 1:18 for the other two meals). So I try not to eat too many carbs (around 20) as I don't like being in the position you describe of being 205 and not being safe to correct. What was the lunch that spiked you so high? Maybe that is a meal that just doesn't work for you and it would be easier to change it or change the portion so you don't go that high.
Lastly, I use apidra which for me only lasts 3 hours so that makes it easier to keep track of and to correct.