Jet sizing is different because of displacement and exhaust differences.
Crank to rear axle drive ratio matters, as does tire height/circumference.
I must note that you really haven't quantified the "performance" difference.
"Feel" is quite subjective. But, I think in stock form the 550 is faster than the 500.
If you go to a lower front tooth count on the front sprocket or a higher tooth count on the rear sprocket, the bike will feel more "peppy".