The overbore just makes certian[hopefully] that the bores are straight,round,and honed properly honed for the ring type being used.As to the 555 head,try to locate a 379 head to visually compare the two heads.If the port volume appears to be the same,,then I wouldn't.If the 555 port volumes are bigger,then yes,I'd try to use the 2.06-1.72 valves.Yes,the TH 400 will work,but its internals are heavy and rob a bit of power.On the plus side,with minor beet ups,you'll never break it.All of the head numbers that we've discussed here are concidered small port heads,but the main differances are that the port volume on the early stuff,like the 379,and 702 is very small when compared to the 1147,817,and even the 333 truck heads.The later heads mentioned have bigger ports than the other heads can be ported to without ruining the head.Port volume =power.