SE's are not completely sealed and will, over time, collect dust and debris internally. If dust can be pumped in through the bellows action of the focus then smoke particles, atomized oils, and everything else floating in the atmosphere will eventually find its way inside. It's the main reason porro owners of the past sent their binoculars in for a cleaning. I've done this twice to heavily used SE's.
The first time I compared a new 550 to a 504 and 505 I saw a small difference in brightness. The 504/505 bins were virtually identical; the 550 let a bit more light through. My comparison was conducted indoors under varying degrees of lighting. I simply dimmed the lights until the 504/505 bins no longer delivered the minute detail I was looking for. At that point, the 550 showed me what I was after but just barely. I repeated the comparison outside at dawn and dusk. I concluded that all SE's, in good working order, were phenomenal optical instruments. I continued using my 504, knowing the 550 would be quite happy sitting in a box under my desk. Someday soon it may find a new owner!
The first time I compared a new 550 to a 504 and 505 I saw a small difference in brightness. The 504/505 bins were virtually identical; the 550 let a bit more light through. My comparison was conducted indoors under varying degrees of lighting. I simply dimmed the lights until the 504/505 bins no longer delivered the minute detail I was looking for. At that point, the 550 showed me what I was after but just barely. I repeated the comparison outside at dawn and dusk. I concluded that all SE's, in good working order, were phenomenal optical instruments. I continued using my 504, knowing the 550 would be quite happy sitting in a box under my desk. Someday soon it may find a new owner!