Jeff,
Im no expert, but here are a few things to check. Based on your description of the fuse block getting hot, it’s a good practice to remove all fuses and thoroughly clean/polish each fuse holder, after all, the 550 is what, 40 years old? New fuses at this point aren’t a bad idea either.
Next, check to be sure the main frame ground is solid as well as checking each bullet connector for good seating and continuity.
If you have a wet battery (lead acid), check the water level.
Pitted or dirty points for cylinders 1/4 and 2/3 should also not only be cleaned, but timing should be checked if you suspect ignition type troubles. You can swap coils and see if the trouble moves to the other two pipes 1/4. New plugs too are a good idea.
There is plenty of good information as well as video on YouTube or a simple google search of you model. This site too has information on your model regarding tune up, trouble shooting, etc.
Look under “Manuals and Technical Documents”. There should be enough information to get you going to narrow your trouble down, if not find it and remedy it.
Oh, and welcome to the forum!