My weight is 201 lbs. My height is 5'3". My BMI is 35.6. Would I be a candidate for the gastric bypass sleeve?

you would be a good candidate for eight sleeve or bypass. the two operations carry the same risk of leak. if you are a diabetic a bypass is probably a little better. if you are young a sleeve would be a better option as revision of sleeve for weight regain is safer than bypass revision for weight regain.

The sleeve is an excellent procedure for low BMI patients such as you.  The gastric sleeve is a metabolic procedure that will allow you to lose 20 to 30 pounds the first month.  After the first month, the average weight loss is 10 to 12 pounds per month.  In addition to the metabolic changes, some patients enjoy good appetite control.  The average one year weight loss with the sleeve is 100 to 150 pounds depending on the starting BMI.  

Sleeve gastrectomy limits the amount of food that your stomach allows so you will lose weight, with less nutritional deficent than others. In type 1 or 2 obesity, restrictive surgeries are recommended rather than malabsortive like bypass. In cases like you can have the best results losing up to 100% of excess weight.
What is important to understad is that you must learn to eat well and excersises as well to be success and have long terms results.
Blessings