I've not yet used the 7.5 macros. If you go to the user forums on the Mercury site, however, there's a user by the name of David Pursehouse who has posted some additional macro information and modified macros he made available for download since the macros weren't all available.
You could post a question there, as the one here isn't getting too many responses for you
Two real common problems give a Compile Error when you open Word or Excel. Two things - 1) Make sure you have run the Connectivity Add-in from the Add-ins page and 2) For Word, have Outlook closed as well as Word. A common setup is for Outlook to use Word as its editor. If Outlook is open in this situation, Word is "open" by default and the changes to Word can not take effect. We struggled for a while before figuring that last part out.