It's expensive to race.
Speedracer, 2V is the most populated.
If you can find a pre 67ish 4cyl 250, go for it.
5V may actually have more bikes on the track, but that's because the 2v guys race in 5v.
5v is 67 and earlier 500cc's and under. Honda CB and CR twins to 72. There's a list if others that are also allowed up to 72. Drum only (as it is with 2V).
Really the only place you are going to get an i4 is in OV. Almost no one races this class, or at least no regularly.
The stupid part is that your cb550/750 is up against bikes of ANY size, 2 stroke, 4 stroke, whatever, up to and including years 1972.
Here's the deal, though. Just because 160's and 175's are the only bikes on the grid for 2V, doesn't mean it's a cb160/175 class.
I'm building a cb250 at the moment to compete there, and stock and well built should make a few more HP and at least twice the low end that a completely over the top built cb160/175 will have. Yeah, it weighs a bit more, but going from 7lbft max to 15ish lbft (at least) will more than make up for it. As I also said, my factory race SR175, if I ever put it together, should be orders of magnitude better than a built 160/175. It's a 175 2 stroke, fer chrissake.
You could get a taco 250 and go out there and prolly clean up that class, assuming riding skills were on par with the 160 riders.