Ricky yes the tag is of no help, it does not use the normal Rajay ID stampings. It looks to be a 301 series. Rajay made two series in these small turbos 301 and 370.
To start out, the exhaust housing sizing is probably the single most important thing when it comes to putting a combination together. It will make or break how well and or how much power a given setup will make. This said, if the "4" cast in the exhaust is in fact a ".4", this housing will be entirely too large for a 550-650 or even a 750-836. I have used the .4 housing setup on 1000-1075 Kawasaki's, and even they are lazy to spool. On a small engine such as a 550-650, you will want a .28 setup and even then I guess that the turbo will be slow to spool and very late in the RPM band. These old Rayjay/Rotomaster turbos are very inefficient by any measure of todays standards.
The trouble that you will run into today is that most if not all turbo companies and repair shops, simply don't have any experience with this old units. When I started using them almost 25 years ago, the choices were somewhat limited then.
I recommend that you retain a reasonable amount of compression, as you will need it off boost, and to help spool the turbo.