If it's a service panel and the main is over 800 amps, the conductors must have an ampacity equal to or greater than the main and
the temperature limitations of 110.14 must be taken into account.
Unless you main is 90? rated (somewhat rare), you must terminate at the 75? ampacity so you 750 would not be adequate.
Can you eloberate on the 1200 amp feeder comment.