The SPD chip on the memory module will give the BIOS the proper timing info, usually. I always make sure to check afterwards because I have found some modules where the SPD did not report correctly and I then had to manually adjust the settings.
From the looks of it, with 7.5ns RAM, you ought to be able to set it to Medium, Fast, or even Turbo. If it doesn't work properly, just set it to the next level slower, you can't hurt anything.