CL-USER 18 > (do ((a 1 (+ a 1))
(b 10 (* b 1.5))
(c nil))
((> a 5) (list a b (reverse c)))
(push (* a b) c))
(6 75.9375 (10 30.0 67.5 135.0 253.125))
CL-USER 19 > (loop for a = 1 then (+ a 1)
and b = 10 then (* b 1.5)
and c = NIL then c
when (> a 5) do (return (list a b (reverse c)))
do (push (* a b) c))
(6 75.9375 (10 30.0 67.5 135.0 253.125))
You can also express LOOP constructs in terms of DO. However if you were to construct a more exotic iterator that is not so straight forward in LOOP (beware of edge cases), I think it is more reasonable to pick DO. I think also that your example illustrates this.
Of course to each their own. I like LOOP a lot actually when I need to do something familiar, however for something unfamiliar DO is often my choice. It also serves as a caution to tread and think carefully when I return to the code. Sometimes, after a while, I realise how to do the DO construct succintly with LOOP
Example: