The 550 arm mounts at a downward angle compared to a 750 arm, to account for the smaller rotor, 275mm Vs 295mm. Also, a 550 caliper will not bolt on to a 750 arm, due to the different bolt hole spacing. The "T" brackets are interchangeable. I believe the mounting lugs on the fork lowers are the same distance from the axle center line on both models, but I only have a 750 to measure. I found out about all these differences when trying to fit a 550 caliper to my 750; the caliper arm wouldn't clear the 750 disc. If there is about 12mm or more clearance between the outer edge of the 550 disc and the underside of the arm, the 750 disc will clear. The disc hubs on both models are exactly the same.
The arm on the left is a 550 arm, and the one on the right is a K7 750 arm (which is different than a K3-K6 arm)