I"m not sure whether this will help, but here goes...
I have a cheap 3-6x Bushnell on my .17 Sportster, sight height 1.5". POI are:
25yds: .7" low
50yds: 0.0
100yds: .7" high
200yds: 4" low
The range I go to doesn't have measured points for 150 or 175 yards, but a "best guess" would put it back to zero somewhere thereabouts. These numbers are fairly consistent with what others have been getting with this round when I checked other forums and a couple of articles. If I zeroed it at 100yds, I'd be 5" low at 200, which is not consistent with the numbers you're getting. Are you getting these figures consistently? The difference in sight height may explain some, but the ballistics themselves don't match. Perhaps between what you and I are getting, someone else can help here...