I don't like champion plugs for the Honda. Even so, the correct heat range for the 550 is RA8 which is a hotter plug, Colder plug don't work as well when the engine is cold. These resistor plugs are also non standard and may be contributing to the problem, particularly if the battery is weak or the electrical wiring is dropping a lot of volts getting to the coils.
Take the plugs out, at least, and see if the white insulator is now black. The black stuff siphons off spark.
Do yourself a favor and get some NGK D7EA.
Also, you should verify that the choke plates are fully closing. It's usually a knob/cable adjustment.
You didn't say if you have stock induction and exhaust, which matters.
I'd also check the battery voltage. And you should state, if you are using electric start or kick start for the attempts.
Cheers,