for mx you'll need more than what you have for suspension, but its a good start...
a stoker will put you over 200cc. but you can still make plenty of power with a stock crank. a good low/mid port job with a matching pipe and headwork to match it all, bigger carb and upgrade reeds.....you may still be able to push 30hp. maybe more.
important part is if you have a 75hp blaster. thats peak power, it depends where you make power. mx quads need a good amount of torque, and plenty of low end grunt. but you also have to focus in the mid range, most riding is done in the midrange, and it keeps you moving.....also probly better if your powerband and throttle response was more "snappy" sometimes you get short runs at jumps, and have to get up to speed to clear them....
for a beginner tho i think better suspension would be better than engine mods. you can have all the power in the world, but you have to control it. your quad has to be able to air out say 15 ft.....and you want it to be more stable in the turns. in this case, wider si better.