Hi Christophe
I don't really have a preference yet between the two amps and I use the T-7 pre. for both.
My main speakers (Legacy Signature 3's) need the power that the 550EXR5 provides, well, actually not that much power!
I do think if one had quality, efficient speakers that worked well with 30 or so watts that the Ultimate will provide all the musicality or close to it that the 550 has.
I do not have really good speakers that are that efficient, although, those old Marantz Imperial 6's sure never sounded this good!
I have not put the two head to head but will post later when I do.