Crap, well I think it sounds quite a bit like this... But this sound is incredibly regular.
I'm running 93 octane, cr29s, high lift cam, ported head, higher compression 600cc pistons... Sounds like a pretty good recipe for knock. I'll pull the plugs, check the static timing.
EDIT - so this is a new build. there's only about 100 miles on it. I pulled the plugs early on and they were very dark, but that was with sort of a lot of idling. Its certainly possible that its too lean at higher RPM, although I haven't heard of many people having a lean problem with CR29s on a CB550.
EDIT 2 - I've never expireirnced knock on a small displacement engine before, not that I know of at least. I'd decribe this sound as much more of a high pitched buzzing rather than a rattling or knocking.