Gentlemen,
After long months of tweaking, repairing, searching, assembling and disassembling I can now say that my CB550/4 is now operating well. Not 100%, but the problems that I had with hesitation was largely due to the incorrect main jets. All 4 cyl are firing and the bike pulls right up to 8000K. Woohoo, to say the least.
Nevertheless, the quest for perfection is still on, and the tweaking, etc will continue. But I would like to thank all of those, esp. Dennis, for helping me in my quest.