You are using a G1 BC which doesn't match the bullet form (shape). G1 dates from flat-base / round-nose days (the reference projectile it's based on has a very similar shape to that of a 40gn .22 Long Rifle LRN model).
The main problem with using a G1 BC with a modern streamlined HPBT type is that the BC varies according to speed with an up to 15% variation as the speed falls from ~3,000 fps to the speed of sound, the drag increasing and therefore the BC decreasing as velocities decrease. Sierra uses speed-banded BCs to get around this downside, but even that is not as good as using the G7 version, the G7 'reference projectile' being similar to a match boattailed rifle bullet.
Assuming that the Nosler 175 isn't too different a shape from that of the Sierra MK, Sierra gives its bullet the following three G1 BCs:
0.505 .... 2,800 fps and above
0.496 .... 1,800-2,800 fps
0.485 .... 1,800 and below
Even that will likely be optimistic for 1,000 yards as turbulence and hence drag increase as the speed drops below 1.2 MACH, and US Army tests back in .30-06 days with the old Frankford 173gn FMJBT showed a dramatic slowdown and poorer performance (precision plus wind drift) coming in ~100 fps above the speed of sound, 1,225 fps.
Run the 175gn Sierra MK and its G1 BCs through the Sierra Infinity program and it calculates 35.8-MOA come-up needed on a 100 yard zero and 1,238 fps retained velocity at 1K.
Using Bryan Litz's G7 BC of 0.243 and your 2,725 ps MV, his Ballistic Solver 2.0 program is more pessimistic, at 36.76 MOA and 1,159 fps.
Having shot the 175 SMK at 1,000 in the early days of FTR, I'd be inclined to take the poorer result!
All of these results are for standard ballistic conditions (29.92 inches Hg air pressure, 0% humidity and 59-deg F temperature). Variations from these can and will affect the predicted results.
As will .... scope height (above the bore centreline) being different from the default 1.5 inches used in nearly all ballistic programs.
As will .... your scope adjustment values not being accurate. (A 5-10% error in MOA is not at all unusual even in quality match scopes.)
As will .... the 1,000 yards firing line being more or less than 1,000 yards actual from the target. Many ranges adopted compromises arising from fitting in with terrain features, and many older ranges are none too precise in their distances for a variety of reasons.
As will .... even a relatively small error in readings from either your chronograph and/or that at the target. The usual two optical unit type set a mere 24 inches apart only need a small tilt away from being parallel to the bullet's path to give an erroneous reading even if the equipment is otherwise 100.000% accurate and most aren't that close. Plus a conventional chronograph set ahead of the muzzle should have its distance from the muzzle measured and the resulting velocity value corrected to a true at the muzzle value. (Not applicable to the Magnetospeed of course!)