Wes;
Apart from you said ways to attach FD lens to a EOS body, there are some other options too.
The cleanest, reversible one, with best IQ would be to use the Original Canon's FD>EOS adapter.
Unfortunately this thing is as rare if not more than Scandium and yttrium!
So you can understand why the price is also so high.
HERE IS LINK TO MIR
HERE IS A LINK
BobAtkins
LINK to only deal I can see currently on ebay.
And only very rarely the show up on ebay or likewise but the prices I have seen are ranging from 2500 to 750$ depending on condition.
Nontheless they usually show up in the hand of sellers from Oversee specially Japan and you better be able to trust them before sending money.
The Ed Mike conversion as proposed by you ranged in vicinity of $90-200 and in a hard way, is reversible.
Now the interesting part.
Because I am familiar with you and your work and know the level of your capability let me share it here:
I have seen this being done by a seller from India on ebay.
Buy a 42mm to EOS adapter that should be about $1-10.
Remove the FD's metallic mount ring from lens (3 or 4 screws).
This should make your lens length shorter.
Attach that 42>EOS ring in any way you can. Either by drilling holes corresponding to original lens, using original screws or in case of that Ebay seller, just use Epoxy.... Yes don't underestimate Epoxy as if you follow news, it can hold things that History can't... And I am talking of Bear of King Tut of Egypt!
I haven't done it myself so can't give you a first hand opinion as to how steady setup is or how much weight it can tolerate but little I know of Epoxy, it is capable to the full extend, but unlike Ed Mika's method, here the procedure is oneway and the only way to get rid of lens thus made, is to sell it on ebay as that guy was doing... More over I assume F ring will not work any more, but not a deal breaker as for night deepsky shooting you need max light and therefore full open F. So may be worth to start first on a very cheap FD lens and see how it goes.
But then important point here regarding mirror and I have first hand experience here.
The bulk of problem with adapted lens and in camera mirror is with "FULL FRAME" camera bodies and not crop format as your 550D that the larger mirror of FF DSLR, hits the back of adapted (Longer that usual) lens and at times even sticks and you have to detach the lens to reattach and get rid of situation. I have this issue currently with may 5D and several of older lenses specially Zeiss and Contax mount lenses.
In any case by removing your lens box, you probably should save on battery significantly. Then reduce the vibration significantly for brighter objects and in essence if you know what you are doing (And I am convinced that you do) it is not a bad idea, though probably you will remain the last owner of that camera.
Please share you experience as you go down the path. I am sure it is going to be interesting and now the only other thing you should do is to find a cooling system for your sensor.