pete, thanks for the kind comments. i'm glad at least some of the stuff here is of use to someone.
no worries about hijacking. i think as long as its loosely related to bikes, beer or anything else that goes with it, it's all perfectly on topic

the side covers are original (as in: they came with the bike and have seemingly correct markings in them) but repainted. other plastic parts also. the rubber bits i've replaced in almost all places with new OEM, except the airbox rubbers which are repros.
i've checked the all the connections of the fuse block. mine's generally in good shape still, i only cleaned the connections - like all other electrical connections on the bike. if you haven't done so yet, i recommend you to do that to minimise resistance in the system. with the hondaman block you have the advantage that you can use regular auto fuses that can be bought at gas stations etc.
do you have a thread for your 550? otherwise it would be nice to see some pics. sounds like it must be in pretty nice shape?