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I kept three tanks and honestly find myself being drawn more to the larger tank, never to the detriment of the smaller tank, just that I tend to prefer watching my larger tank more than my smaller tank so the tank maintenance on the smaller tank is much like a chore without that much reward.
Yes get a 75! And keep the 40! I have 3 a 150!! a 45 and a 20. That way you could have some cichlids and a community and if you only had one tank you would have to chose, just using those fish as examples. IMO the bigger the tank the BETTER!