The 552 WILL cycle shorts, longs, and long rifles, but you have to provide a pull on the charging handle for the shorts and probably the longs.
Now this will probably devolve into "what's the definition of cycle".
I bought mine in the seventies, for $59.95. It was a pretty cool gun, but I pretty much swore off tube feeds when I got my first Ruger 10-22. jd