Resists, yes. Stats, skills, base dmg, no.
The reason I brought this up was from making a bio that had 3 resists in the 90s and two of them were at 73. When the bio's overcapped resists got set to 75, the bio still has 2 resists that are 73. For an extra 4 points of resists the bio could of been made to have its resists standard, at all 75.
Surprisingly enough people don't want a bio that does not have all resists at 75. Unlike the majority of other pets that can be trained/bred to improve stats/skills/resists, bios are the only one shot creation pets. Bios are also the slowest attacking, which is why resists become such a large factor in determining if the bio is worth anything.