'74 Cb550 production started 7/73, and the model year ran from July to July, so that's a '74 CB550 made October of 73; though that doesn't really say much about the engine. You'd have to get the numbers off the engine to get an idea of when it was made. They do get swapped, you know.
Some states (for some reason) title the bike with the year it was originally sold, rather than when it was manufactured (or by production year, that is). So this bike, although technically a '74 model, might have sat in the showroom for a year or so before it was sold in '76.