A receiver has one power supply which is divided between all the driven channels.
When only two channels are driven, it's split between two channels and they might develop a bit more than the advertised power, but nowhere near the total advertised power divided by two.
So, in your case, each channel is rated for 75 wpc and each will deliver that, if only one or two channels are driven at any given time. But, if all channels are called upon, the power they deliver is significantly less than the advertised power.
What benefits the advertising industry is that it's rare that movies demand full power from all channels at the same time so, for movies, it generally works quite well.
The probem comes when one tries to "fake" two channel music into all available channels with an "all channel stereo" mode and the power supply cannot meet the demands.
If you want a good visual, check out the magazine "Sound and Vision" where hey show just this relationship. They show a new Onkyo, rated at 100 wpc, which puts out about 120 wpc in one or two channels but when all channels are called upon, it's more like 30 watts per channel.
So, biamping with the receivers internal amps might not be the best way to go.