Not sure from your thread if you have already bought your 75 gl tank?
but i would go for the 125 as no harder to look after than a 75, easier in fact as water quality will easier to look after etc etc, and of course any upgrade is a lot further away.
As for the changing, yes it can all be done in one day, as you know when your new tank is coming if you have something to put any extra water in? (i assume your old tank is smaller that 75 so you will need extra) you could treat it and have it settled rather than taking a lot from the tap,
I upgraded to a 150 gallon when i realised my old tank wasn't going to be big enough for two O's, and i had to do a lot of jigging about as new tank was going where the old one came from, so meant moving water etc three times, but fish settled VERY quickly
and all went well
Good Luck