I'm going to assume you meant the 168 gr SMK, not 167. Are these commercial ammunition or handloads? I'll also assume commercial ammo because if you were doing load development, you'd already have the pertinent velocity and zeroing data. If these are commercial ammunition, there can be (and most likely will be) a difference in point of impact at 500 yd.
The typical difference in velocity you'll see advertised for 168 and 175 SMK commercial loads is about 50 fps from a 24" test barrel (2650 fps vs 2600 fps for FGMM). Running these numbers through the JBM ballistics calculator with a generic set of atmospheric conditions (75 Degrees F, 70% hum, 29.98" Hg, 500 ft elev), it predicts a difference of only 0.1 MOA drop at 500 yd from a 100 yd zero for the two (168 = 11.5 MOA, 175 = 11.6 MOA). However, simple external ballistics are not the whole story because they assume you already have a solid 100 yd zero. Internal ballistics, notably barrel harmonics, can also play a big role in this process, i.e. where is the muzzle pointing when the bullet exits? The barrel moves (oscillates) as the bullet is moving through it. Whether the muzzle is at the upper or lower end (or in the middle) of its arc of travel when the bullet exits means the bullet could exit pointed slightly up, straight out, or slightly down, which will change its point of impact on the target. This is dependent on velocity and the oscillations of the barrel are extremely fast, so 50 fps difference in velocity can make a much bigger difference here than it might in the external ballistics. I've seen changes in 100 yd zero when switching between FGMM 168s and FGMM 175s in the same rifle of as much as 1" to 1.5", which would be multiplied by a factor of 5 at 500 yd. The other issue you might face is that there is no way to know whether the 175s will shoot with the same precision (grouping) in your rifle as did the 168 load. If your rifle doesn't group as well with the 175s, it means wider shot dispersion on the target, regardless of what the wind is doing. Unfortunately, you don't have time to see how well your rifle shoots with the 175s, so if you want the slight advantage they offer in wind resistance, you'll just have to go with them.
Bottom line is that there is really no way to tell from the information you provided. The stuff I calculated out above is likely way more than you will need to know for this match; it's just there for your edification. My guess is that the 175s would impact the target something like from 1"-2" to as much as 8"-10" below where the 168s impact at the same scope elevation setting. The good news is that it probably won't put you off the target. In your position, I'd look up the 500 yd target scoring ring measurements (diameters) in the NRA Highpower Rule book, and convert them to MOA (divide by 5). If you know those values, it will make it fairly easy to know how much elevation adjustment you need to dial in to the center, even if it turns out to be a large adjustment (i.e. dialing from a straight low impact directly on the 8-ring to the target center would require 2.0 MOA elevation on the conventional shooters' target and 1.5 MOA elevation on the F-Class target. Hope that helps and good luck in the match.