For a CB500/550 I cannot recommend inline filters. An out of the blue* hesitating engine almost killed me whilst overtaking on a curvy 'Alpenstrasse' with oncoming traffic.
*I had completely forgotten I fitted them weeks before. Why I did that? I don't know. I must have fallen victim to the nonrational desire to do something 'extra' for my bike. Ever since I had the fuellines in the correct dimensions**, I never had the problem reoccurred and the fuelcock filter is still the same as fitted at the assembly line in 1976...
** The correct dimensions are: for the CB500 and CB550Ks with oldstyle carbs: 18 and 30 cm length for the models with the bowltype petcock and 17 and 28 cm for models (including CB550F and CB550F1) that have the newer style petcock. Do not be tempted to have them even one cm longer. For the tube that supplies carbs 3+4, use the soft metal clamp in the middle front side as shown in the pic (horizontal is good enough). Ideal inside ⌀ is 5,5 mm. Outside ⌀ will be 9-11mm. Have this and the lines CAN'T even kink ever. From experience I can only advice to abstain from extra inline filters. Some have been lucky with them, but they can cause hazardous situations, sometimes even weeks later, seemingly out of the blue, when you have forgotten about them! You can be reassured that anything that passes the stock fuelcock filter, does not impede carburation, provided you drain the float bowls say once a year.