Hello,
Breakdown is not always a destructive process. If current is kept low enough, the heat generated by current*(breakdown voltage) will not damage the device. In your case the resistor (200 kOhms) limits the current. A 10V zener diode is always working in breakdown mode (when used as reference). So you are right, the series resistor limits the breakdown current and prevents it from damage due to heat.
However breakdown may result in device defects that may damage the device after some time (that can be days/months/years). Reverse BE breakdown in small signal transistors will not destroy them directly, but HFE drops over time making the transistor useless if high HFE is required at low current.
When looking to your series circuit of D, LED and R, I would add at least some capacitance (nF range) across the LED to protect it from mains transients (that can be in the kV range depending on the type of installation). I would not leave out the 1500V diode without serious testing. If you don't like the 1500V diode, leave it out and put a small signal diode (such as 1N4148) parallel to the LED in reverse direction. Note that the dissipation in the 200 kOhm resistor doubles.