56TCs don't have to have crazy fuel burn. The 541s will run just fine at a lower power setting, and will probably last longer that way. Since the 56TC is a 55 Baron body, no reason you couldn't get 180 kts on 30 GPH or less.
The RAM T310R engines make an insane amount of power. When I flew my friend's plane it truly performed equal or better to the Cheyenne. He specifically went for that conversion based on OEI performance, and got everything he was looking for. He has about 600 SMOH running the engines hard but rich, and has had no problems. 1600 TBO. The ECI cylinders supposedly have cracking issues with those RAM conversions, but I think CHT plays a big factor. He runs about 320F burning 44 GPH combined and 230 KTAS @ FL190. Pull back to an economy cruise and I'd bet 30 GPH for 185 kts at a lower altitude.
The Riley conversion I'm thinking of (maybe the Turbostream?) had Navajo engines in a small body 310. I've seen different numbers - 310 HP to 350 HP, but all turbocharged. I'd expect similar performance to the RAM.
I'd agree not to expect anything from Ada soon. And if they do make it, it'll be expensive. Although RAM charges $180k for the above mentioned conversion, but that includes engines, props, intercoolers, etc.