Usually a 540 is a 4.5 bore with a 4.25 stroke.

OK, I am thinking maybe you were going to do a 4 and 3/8 bore with 4.5 stroke for 541 CI.

If you're serious about 5500rpm, I doubt you will notice any problems.
I would consider a windage tray + possibly overfilling it by an arbitrary amount you have to take an educated guess on.

One thing I've done to research what might possibly work is, I compared the liquid level in the pan VS connecting rod "stick out" to make sure that, at least in a static environment
the two aren't getting into each other too badly. the further apart the better but street engines are a compromise. Have also compared that to
what are known good combinations that I have used in the past, hopefully arriving at something workable.
If you check my 572 build/ugly pictures long thread you'll see markings on the side of the style of pan you're considering + the stick out measurement.
In the end I decided I'd feel better with a slightly deeper pan because of stick out.

They're built with street type oiling systems all the time.
They do seem to drop a tiny bit of oil pressure at higher rpm when street type pans and oiling systems are used,
both hemi and wedge, with that stroke. We're only talking a couple psi but nobody likes to see that.
The ways around that are those used by race cars for many years that we're all familiar with.

Good luck