I was suggesting the tank gun based around that piece some time ago, in 'ideal 1940 tanks' thread.
Seems they were convinced that 3,7 cm, and future 5 cm should be powerful enough to defeat anything their adversaries can field in big numbers, while the short 7,5cm is a good HE thrower as any of that caliber. The Germans were convinced that two tanks, each starting at 18 tons, is also a good idea. The great victories prior 1941 cemented the belief, the showdowns with well armored French tanks and British Matildas notwithstanding. The problems encountered during Op Barbarossa forced them rethink. By that time the more powerful 7,5 cm weapon was already in pipeline.