Try our new info resource - "Aladdin's Cave" (Main menu)Just added a separate link to Ash's Dropbox thread (shortcut)
The 500 cluch slips, think mine had H/d springs and was slightly better but it was fitted with a sidecar so was always going to slip a bit. 550 cluch could slip as badly if thrashed. 550K3 carbs are more fussy about being stood but give better economy. You'd be well advised to change the airbox rubbers if junking the rest of the 500 bits as I had choke cable routing issues with the k3 carbs combined with 500 airbox. K3 carbs and airbox are consequently a bit harder to squeeze in as the k3 rubbers are 10mm or so longer.