I tried wrapping 7.25" bands around LP72s and found it did not work at all. Theoretically longer bands would actually hold the tank more securely because you're contacting more of the tank, but in reality the center plates end up so close together that A) the bolts are WAY too long and B) there's not as much stability from plate to plate, they can twist a little more easily. Another problem is that you are essentially re-bending the bands and they don't bend easily. It's also true that the tanks end up further apart, but then again the centers are a little closer to the edges of the thinner tanks, so that's probably a wash.
.25" of diameter translates to more than .75" of circumference, so the bands are substantially different in size.
Piranha has good, reasonably priced 7" bands, and their customer service is excellent.