Downgrade is undocumented procedure (as far as I know) and you are on your own unless instructed by SMB Support to do it.
My experience
1. phone with factory-default configuration can be downgraded. During preparation of this document I successfully downgraded (step by step) to 7.3.7. It may or may not be safe to skip some firmware versions - I didn't tried it. I guess you should never miss at least 7.5.2b version during downgrade.
2. phone with complex non-default configuration may be permanently bricked during downgrade. I have the one ...