Thanks for all the replies.
The reason I do not believe it is a venting issue is that the vent is open, plus if it were clogged/unvented then once the bike stalled while running it would not start up again until the gas gap were removed, i would hear the vacuum when i did, etc.
The reason I do not think it is a clogged in tank fuel filter is that it was cleaned well before reinstalling on clean tank withh new gas. proper masking during painting, etc.
The reason I do not think it is an inline fuel filter is that i replace them and the fuel lines, all is new
Now - there was kink in one of the lines i thought had been causing it, but i removed the inline filter from that one to help eliminate the kink, but issue still happens.
I am not positive about any of the above not being the issue, just sharing my thought process and would definitely encourage anyone to help figure out where i may be making wrong assumptions.
The comment that if if the petcock is the limiting factor, i must have really poor fuel economy leads be to believe that even with engines tuned to require much more fuel than mine (my carbs are rejetted wtih 120's i think, k&n pods, inner baffle drilled) but i have not done any crank or cam or head/cylinder work - all is stock 550. so if others who have done serious tuning are able to use the same stock petcock, that would really help me exclude that hypothesis as a potential cause, and may force me to revisit other potential culprits? Can someone confirm that they are runnign similar/ more highly tuned-to-need-more-fuel-than-mine setups with the original petcock?
And again - not a carb tuning issue, the bike runs great wtih no flat spots.
I don't think it should matter but I'll say it here; the plugs are all new D7EV NGK that i found $10 for 4 on eBay.
Thanks again for all the help, I promise to update on the solution, as it will be found...