Definitely the first question is if and how the pH meter was calibrated.
I have, by the way, taken a pH reading in the ocean on a reef at 7.8. So "perfect" is relative.
STABLE is critical.
IMO, a stable pH with good alk and calcium readings can be anywhere from 7.8 to 8.4 in most cases. Fidgeting with pH can have very serious consequences.
When did you take the reading...you should always take two pH readings - first thing before lights on, and after lights have been on all day. pH readings should not be considered in a "vacuum" meaning without alkalinity or calcium readings.
7.5, if actual, is rather low but would be a greater concern if it is fluctuating or if that is the highest it gets. In established tanks with high nutrient load, pH can drop, and is certainly cause for concern.
So the main questions:
How did you calibrate
what is your alk and calcium
what are the two pH readings (with the meter and the test)
what kind of test kit (and how old)