I recently assembled some information which was new to me about this obscure gun, so I thought it might be of interest to Tanknetters:
Vickers proposed the 75mm L/50 High Velocity tank gun early in 1942 as a replacement for the 6 pdr (57mm) gun. It was intended to be used in the Cromwell tank and six prototype guns were ordered in April 1943, but it was realised in the following month that it wouldn't fit in the Cromwell turret. Nonetheless, development was continued for the A34 Comet tank which was designed around the 75mm L/50. In October 1943 it was announced that the gun was to be modified to fire 17 pdr (76.2mm) projectiles, and a month later it was officially dubbed the 77mm. It entered service along with the Comet tank in December 1944 with the 11th Armoured Division in time to see action in World War 2, and was the best British tank of the war. 1,200 Comets were produced by the end of WW2 and it saw action in the Korean War before leaving British Army service in 1958. It saw service with five other countries and finally stopped being used in the 1980s. The Comet tank was the only user of the 77mm gun.
The original 75mm HV used the cartridge case of the 3 inch 20 cwt AA gun (developed in WW1, still in British service in WW2), necked down from 76.2mm to 75mm. The cartridge was intended to use US 75mm tank gun projectiles: the M61 APCBC (14.92 lbs) and the M48 HE (14.6 lbs) as used with a smaller cartridge case in the M2 and M3 tank guns (M3 and M4 tanks) and the M4 and M5 aircraft guns (B-25G/H). Muzzle velocity with the M61 was calculated to be 2,650 fps in a new gun (2,600 fps assumed in comparisons) compared with 2,030 fps in the M3 tank gun, but it was felt that the M48 shell wouldn't be able to tolerate such a high chamber pressure so it was downloaded to 1,500 fps (35,840 psi rather than 49,280 psi for the APCBC).
Estimated armour penetration figures for the 75mm HV firing an M61 projectile were prepared. These showed a figure of 87mm at 1000 yards/30 degrees compared with c.60mm for the M3 tank gun. The performance of the 75mm HV was therefore calculated to be about the same as the US 76mm tank gun, although the 75mm M48 HE shell was much more effective than the 76mm's M42.
The only difference between the 75mm HV and the production 77mm was the fractional difference in calibre: the 77mm cartridge case was therefore exactly the same as that for the 3 inch 20 cwt, although the projectiles were different and it was loaded to a much higher performance. The 77mm's APCBC projectile from the 17 pdr (which did actually weigh 17 lb) delivered far better penetration than the 75mm HV: 108 mm at 1000 yards/30 degrees. With APDS, penetration increased to 165mm. Conversely, the 77mm's HE shell (15.4 lb) was no better than the 76mm's (in both cases, they suffered from the thicker shell walls needed to resist the high pressures). Later HE shells for the 17 pdr/77mm were much more effective as they were loaded to a lower velocity and pressure, allowing thinner walled shells to be used.
It is not clear why Vickers decided to neck down the 3 inch 20 cwt case to take the US 75mm projectiles, before restoring it to the original 76.2mm calibre. 75mm was not a standard British calibre, whereas 76.2mm certainly was and had already been selected as the calibre for the 17pdr gun early in 1941, a year before the 75mm HV was proposed and several months before the US M3 tank (the first with a 75mm gun) entered service with the British Army. What's more, despite the extensive British use of M3 and then M4 tanks with 75mm guns it seems that 75mm ammunition was never manufactured in the UK (it all came from the USA) so there was no domestic source of 75mm projectiles.