If you really need the 550 for heat, you must get a block-off plate. I have a huge masonry structure and I'll give you one guess where all my heat goes. A correspondingly sized fire in the freestander downstairs will run you out of the room. Not so with my flush mount.
I've also got stonework and it'll just look a little weird to have the surround not be flush with the stonework.
In hindsight, if I could have convinced my wife to put a freestander in there and leave it open, I bet I could burn three cords in it instead of four cords. Sorry I can't help with any technical issues.
Paint it black and leave it open!!