Den,I imagine you're going to keep this 550?
The amount of work you're putting into it,it looks that way.
The numbers you mentioned above.. I personally would fresh re-bore it,imo.
Bring the factory service manual w/ numbers to the machinist.
I hope the condition of the valves,guides and seats are in excellent cond.,then lightly use some very fine grit lapping compound? unless the valves or seats are worn,then a light grind on them to bring it to 100% best compression for many years of enjoyable riding,imo.