The limit of 550 in old school stuff was because.
A Before). it was all indirect or direct injection with single or dual shot injection at the point of combustion.
A Now). It is now fully electronic with a pilot injection amount just a couple of mm3, multiple main injection shots in the range of 5-7 times and 1-2 post injections occurring at anything up to 180deg after main injection (basically when the exhaust valve is open)
B Before) All the old stuff had wastegated or non wastegated turbo's.
B Now) Anything since about 07 onwards has variable vane turbo chargers.
Varying the nozzle pressure varies the exhaust gas temp and exhaust manifold pressure, both make significant differences to engine longevity.
C Before) We used to fit egt gauges because it was the only real indication we had of what was going on with the engine.
C Now) The ecu in todays cars check multiple sensors mainly the engine coolant to determine what is actually going with the combustion cycle....
Not what is happening post combustion in the exhaust.