That is one difference to the two bikes that I overlooked, the 500 is smaller than the 550, the forks are a few inches shorter, which was a surprise to me until I was trying to mess around getting a nice streight non pitted set together and found I carry 2 lenghs of forks, I expect rear shocks might be meant to be different too. Makes a 500 a smaller bike in terms of bulk and height (I think the seat and tank might be an inch or 2 narrower but I've not checked.) Mine was a 550k3 so the f1 and f2 might be different again.