There are other methods that can apply a temporary higher setpoint without disabling the protection. Neither relay has buttons that can easily be used to provide a temp setting. The 501 is really two relays in one (501-X & 501-Y). The 551 is just one relay but, both have limited inputs. Is one of these relays already in service? You may need to go with a relay that has more features (like pushbuttons) but, is still economical (ie 751A). Also, I would take a good look at the existing protection scheme before I would implement a workaround. The scheme may just need to be reviewed and a slight adjustment made.
Would like to see the existing scheme (w/relay settings) first.