The 729 CE manual quotes 555 BPI. I’m not sure when it became 556. 
http://bitsavers.trailing-edge.com/pdf/ibm/magtape/729/223-6845_729_CEman_1959.pdf

The IBM 728 was 248 BPI. Before that it was the nice round number 200 BPI.

I tried permutations of standard IPS and round number data rates and don’t see 
anything that yields exactly 556BPI.

Tim

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