I've also had great luck with many AirDogs and like the filter and air and water seperators.
BTW who's "Approx 550 HP" are you refering to?
We've gone 12.9s on a bone stock fuel system on an LBZ and 12.4s with an AirDog and shimmed FPRV. With the AirDog and shimmed FPRV it made over 530rwhp on a dynojet, calculating from the weight and ET give you about 540hp so pretty close to what the dyno shows. Calculating off the weight and ET of the 12.9 runs gives you just shy of 500hp, the FPRV popped open on the 12.95 pass and just shimming it would have helped. So I say that 500hp is possible on a bone stock LBZ fuel system, and 540+ (on a stock charger, even more with turbo and/or N20) with a lift pump and shim.