Is he out growing your 75 gallon tank? Based on your parameters and stocking, I think he's out growing the tank. I have 3 yellow tangs in a 450 gallon.
When I saved the 2 yellow tangs from the LFS (approx 2 years ago) - I put them in separate 55 gallon tanks. At first things seem fine (one we fixed the other problems caused by the LFS), but then one of them starting getting red streaks. I then purchased two 120 gallon tanks and put one in each (along with some other fish that were growing) - this was my excuse to my husband on why I needed bigger tanks - for the good of the fish (that's also how I got the 450 gallon).
If you've had him for a year and things have been good, I think it's time to upgrade your tank - a 75 is too small for a growing tang (IMO).