the 500 and 550 head even have the same part number,you might mill the head slightly,what for?you chasing more power?higher compression is mostly used where a hotter cam is used to compensate for the increased overlap,youll decrease the dynamic compression with a hot cam so you may need to compensate by increasing the static ratio somehow,eg,,domed pistons or mill(shave)the head,increasing a stock engines compression much usually results in you having to retard the igniton to stop it pinging,so thats a backward step.