CAS, CAS to RAS and RAS are all determined by the BIOS settings (and NOT by the ram itself). So even if you have RAM 3-3-3 you can set it at 2-2-2. There is one issue: stability. As an example: currently I’m using PC 133 MHz 3-3-3, but the BIOS settings are 2-2-2. The system is rock stable, so no problems.
RAM 7 and 7.5 ns are at least 133MHz capable. I bet they are both capable to do CAS 2 at 100 MHz FSB.
About the speed, I think at the same FSB and CAS, 7 and 7.5ns are equal.