Sweet looking bike, hard to find them in that condition. It shouldn't have to be revv'd that long to stay running. I would clean the tank and the carbs if you have done the most of the 3k tune up already.... After cleaning, sync the carbs. Good thing for you those carbs are super easy to clean.......
Wait till TwoTired comments. The man is a genious and knows pretty much everything with the 550. He helped me get mine running like a beast. Sad that I sold it less then 2 weeks ago.. Best bike I have had yet.