hi Anthon
ive lightened my 80mm crank a bit with a grinder its really not hard to do
BUT the 550 crank is different and there is very little material in the center section so it might not like being cut up too much.
it is a full circle crank though and i think you could remove about 1kg total ... 500gms would be easy
there are a huge amount of pictures in the RFS section of KTMtalk of lightened cranks and it shows some of the problems that can arise from some of the cranks that are a bit thin in the middle.
the TR crank ... where is that? its for the ktm engine isn't it? if so im not sure it would work.. be nice if it did though.