There is some reasoning behind our material choice (not the most sound as Travis pointed out though).
The biggest part is that we don't want any issues with fits. period. at all. Even if the shafts are the perfect size we want with the perfect fits and slide in nicely, assembly will be a pain. Having to adjust or custom fit 60' of shaft is not going to be fun.
As for why we went with 7075, yes it is stronger than we need, but we found 6061 to not be strong enough. 2024 was another option, but the price difference is marginal between the two. Even when buying 60', the price different between 7075 and 6061 isn't much. We're looking at about $100 for all the 7075 we need, and we'd pay around $50 for the same amount of 6061; Twice the price, yes, but well worth the extra strength.
Turns out that since PG is still larger than what we really want, and I'm not finding undersize 7075, we're planning on buying 5 12' lengths of 7075 rod (about < $20 each) and running them through a centerless grinder at either Cal Poly or a local shop. If that is unavailable, lots of kids, and lots of sand paper.
Once these puppies are to size (ideally before we even buy them

) I don't want to any modifications required, I want them all to be interchangeable and with no additions or compounds. It would be well worth our team's money if we could pay $500 for undersize shafts, and save ourselves the hassle of all that work.