Sounds like your wastegate isn't funtioning properly. The gate should open around 23-28ish psi and start feeding exhaust to the big boy. It sounds like the primary isn't doing any work at all and the secondary is working it's ass off.
That is kinda what it feels like,The 75 spools like a mofo but the boost is half of what it should be and I know this thing has more jam in her,What do you suggest?big head or bite the bullet and find a new ihi?