From reading this review http://www.techpowerup.com/reviews/Antec/VP550F/ it seems a solid unit unless you're running it at full capacity when it starts to have problems with the voltage regulation. Also, it doesn't support the C6/C7 sleep states for Hawell processors (if you have one, although that can be disabled in the uefi/bios).
Techpowerup recommend not putting more than 450w through it "I strongly believe that restricting its maximum output power to around 450 W would increase its rating significantly. Yes, it can deliver 550 W at even high temperatures but doing so seriously stifles the performance of its +12V rail. The Cross Load test results were really bad. A lower capacity rating would significantly alleviate the aforementioned problems. Finally, the fact that I couldn't overpower the PSU by even an additional 50 W as it caused voltage regulation and ripple suppression to get out of control clearly shows that this unit's 550 W capacity is very close to the limit of this platform."
It depends on your system specs as to how much wattage you're pulling through it - if you can list your specs then should be able to provide a more definitive answer