I don't know what their size is, but they are simple orings when first installed. I just use the ones that come in the Honda rebuild kit. If yours are hard and brittle, then so is the oring on the main jet, float bowl valve seat, fuel nipple T orings, etc. All supplied by the Honda kit.
Maybe the drain screw interface is different from the 750. However, there is no need to worry about over crushing the correct sized orings on the CB550 bowls. There is a relief area that accepts the proper sized oring.
Cheers,