Welcome aboard Brocky
As to a flattened O-ring, Honda did offer some that had a flat surface on the inner diameter so they were technically a D-ring as opposed to a O-ring. One was on the GL1100 final drive to seal at the swing arm connection, but it was too large diameter for your cover, I dealt with that on my 1983 GL1100 that I restored in 2009 and they were discontinued from Honda at that point.......
I haven't had a 550 since the 70s and never took the cap off the oil pump so I cannot confirm if it was a D-ring or an O-ring.
I don't remember seeing any D-rings in the parts room when I was parts manager in 1976 and 1977, but I know my way around looking up parts still. BTW, when talking parts and bikes be sure to mention the year/model and K series your bike is or as in your reference to the Goldwing, there are many changes in parts from year to year and model changes, IE, GL1000 to GL1100 and so on.
Hopefully someone will be able to help clear up your situation on your leak.
Go to the new members section and introduce yourself and your bike.