I have that same model petcock - another member was trying to rebuild his as well - and we found this out
"Re: Please help me identify this petcock
« Reply #21 on: June 30, 2015, 05:45:27 PM »
Like I said....rebuild kits are not available for that part. It was a faulty design and Honda went with something else after that year.
Your best bet is finding a member with an old leaky one they've replaced and see if they'll sell you the handle.
Still order the filter part, though."
You can go to that thread - there is at least a replacement in-tank filter available, but you're gonna have to wing it on the o-ring.
http://www.davidsilverspares.com/CB550K-1976-USA/part_70857/I got lucky and found a replacement on ebay - but it's a one-year model petcock.
I'd be happy to mail you my old one if you think you can use any parts off it.