For monitors, it's not really an overclock. It's just the refresh rate.
Most modern monitors simply won't work if you try to drive them at a higher refresh rate than they can handle. If the monitor displays an image when set to a 75 Hz refresh rate, then you are fine.
The stories of damaging the monitor this way come from the CRT days. Those used an electromagnet to aim an electron beam over the surface of the screen. The beam would light up phosphors on the inside of the screen, thus "painting" the image. If you tried to drive those monitors at too high a refresh rate, you could damage or destroy the electronics controlling the electromagnet.