I've owned quite a few 55's and a two 51's. I sent all of them down the road but my two Closed Port 55's. The open port versions are still excellent saws, and actually have a broad/smooth power curve and work best with 18" bars in .325". The CP versions in contrast have a narrower power curve and prefer high RPM's in the cut and are noticeably stronger at high RPM's than the open port versions. So the trade off basically is lacking the mid-range power and narrower power range.
They outfitted the later "Rancher" 55's with 3/8" and main came with 20" bars. That's a little too much for them, IMHO, but they would still be OK for firewood cutting if you didn't "push" them really hard.
The biggest problem with the CP versions is finding OEM P/C''s for them, NLA far as I know. Most of the ones you find for sale with have P/C issues from either being straight gassed, developed an intake leak, or just never correctly adjusted and ran too lean. One of my CP 55's came from Ebay and smoked P/C. It took a little work but it cleaned up well enough and been working fine for over 15 years now. The other one has a mint P/C. Both see a lot of use here, and have never grumbled once or given me any issues anyplace. Power is excellent for the CC's. CP 55's are basically a "pro" saw that oils the chain all the time instead of when it's turning........Cliff