I don't think the 535 will fit a 550.
The 535 has 60mm piping,
http://www.realoem.com/bmw/showparts...61&hg=18&fg=20
The 550 has 70mm piping.
http://www.realoem.com/bmw/showparts...10&hg=18&fg=20
Considering the Megan is a clamp-on or weld-on, so its most likely 60mm piping.
So you would need to an adaptor to go from 70mm down to 60mm.
Making it more restrictive them the factory muffler.
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Current, i3 Capparis White, Lodge interior
Ex- F10 550i Xdrive M sport, white
Ex- trade-in 2008 E90 M3