Given the large net increase in vehicles represented by the 175s, I'm sure there will be enough to suitably replace IETs. They will operate in up to 5 car formation in their new homes as 2, 3, 4 and 5 cars as necessary.
The net increase is relatively small vs whole GWR fleet.
This will be first real change in GWR fleet size for about 6 years (ignoring tiny changes like Greenford battery unit etc)
However have to remember that a number of GWR areas are busier than 6 years ago (pre covid).
Bristol -Weymouth is over 23% higher vs pre covid
Bristol-Gloucester is 13% higher than pre covid
Bristol -South Wales is 12% higher than pre covid
Bristol-Portsmouth is about 2% higher than pre covid
(I noted these down during a recent presentation, there are other lines but I didn't scribble down the figures). I also remember that on a couple of lines passengers were up about 20% in a year, and sure one was over 30% up on previous year (but can't remember which for the increases)
We all know that London commuting has fallen, but if the above figures are typical of the GWR west area (and I don't know if they are) then it is fairly obvious that adding the 175s are barely keeping up capacity, compared to increased usage on the regional (non London) routes in south west.