It's a chunk of metal and plastic, just beat on it and don't worry
Most of the issues with old bikes (and new ones) stems from being afraid of 'hurting' it and treating so gently the oil doesn't get hot and things rust out before they wear out
It DON'T CARE, it has no feelings
Use to redline or even out the other side and it wears out a bit quicker, no big deal, just replace worn parts (usually just rings and gaskets, unless you 'forget' to put oil in it)
Unless you fit a turbo, nitrous or supercharger and start drag racing, catastrophic failure is such a slim possibility it's not worth worrying about
I beat the hell out of mine for 100,000+ miles (up to 13,500 rpm, etc)
The only issues I've seen with 550's are worn out second gear (bike only used around town and almost never got into 3rd in 20,000+ miles)
Even that was mainly rider error, banging through gears