^ I wouldn't bother with a 40 breeder for severums. My wild notatus pair was in a 55 when they were about 7" and it was almost too cramped. A 75 would be perfect, especially if you want the parents to raise the fry for a few weeks.
Remember that the size of the fish and tank dimensions are not the only things to consider when selecting a tank size. You also have to take into account the aggression/activity level of the fish. I am breeding Heroina isonycterina pairs in 40 breeders. They are only 4 - 5" fish but the female doesn't have much of an escape if the male gets pushy or vice versa. Severums are larger and bulkier fish, and should have no problem reaching 5 - 7" in their first year. My tank-bred turquoise males were 9 - 10" by the time they were 2 years old and very pushy when spawning. The 75 will give you the length of the 55 but a more comfortable width for fish that can possibly reach 10". JMO.