Rear discs on SOHC4 550's: Nope, all drum.
There's a couple of wide rear tire threads, do a search or two. I think the discussions were mainly based on how big a tire you could jam on a stock rim as opposed to a replacement rim. Of course, tread wear and handling may suffer with an improperly sized tire on a stock rim. But there are replacements available, I just don't know anything about them. I know there's a few on here running oversized rears...