But that's not what 'maximum pulse current is 550 mA' means. Strangely, it means 'don't ever run more than 550 mA, even for a very short time'.
And that's not how fuses work. They heat up and die (melt) from high current, same as LEDs do. Only the LED is faster. Murphy is right.
Typical ratings are 'hold rating (enclosed) for ever, open in ten seconds with 100% overload, 1 second with 500%, .01 second with ten times....'. There is mass there, time is involved. The bond wire on the diode and the crystal itself have a clear advantage in the race to the death.
In sort a 500 mA fuse will not offer any real long or short term protection, save your money.
Doug Owen