In principle, any bow weight can shoot equally fast at 10 gpp.
The distance covered by each arrow, however, will be shorter for lighter bows. The reason being that air density (and friction to be overwon) remains te same: that is an externality we cannot scale up or down with bow and arrow weight. Since heavy arrows have more kinetic energy, a smaller proportion of their kinetic energy is lost to friction, hence they fly further.
At very short distances, like when chronoing a bow, friction differences between light and heavy arrows (10 gpp for a light and heavy bow) are negligible.
When talking 10 gpp and 28" draw (or actually, a 22" power stroke), 175 fps is exceptional for a straight bow. longer draws, however, can get you a few fps more. So maybe you're just drawing it a bit further at the lower draw weight.