Only thing I can think of might be oil getting a bit hotter if you have the proper space for oil flow. The filter casing is essentially an oil cooler, but that slight distance difference, I cannot see it having an effect. If same filter works, but no spacer, my guess is a 550. I checked out it's parts diagram, and they have the same honda filter part number listed, but without the spacer.
My biggest concern would be if it blocks the external lines. The 550 appears to have cast in the equal to a short spacer ring, so dry fit to make sure that the filter on the 650 cannot shift and block holes. Easy to do by holding filter up to the bolt hole, and see if anything holds it clear.