I believe the 7.5% figure is the ANSI tolerance on impedance, so, if you received a shipment of like units, you could get a 7.5% variation.
The 0.5% rule of thumb I believe is tied to a particular connection like delta delta. If you connected three like transformers, with a three phase load, you get no unbalance. If, however, you have to replace one of those with a different impedance unit, under load, the secondary voltage on the different unit will be different than the other two and this difference will force circulating current in the delta. I think the 0.5% is suggested so that you don't have to severely derate the transformer bank.
As you mentioned, the regulation is most important, but this is determined from the impedances and the power factor of the load.
Furthermore, with your wye wye connection, you may have single phase and three phase load which complicates the situation and can lead to further voltage imbalance.
You might look in the IEEE papers for one by D. R. Smith. Dave did quite a bit of work with transformer connections and had a few excellent papers on the subject.