3.55 means the driveshaft turns 3.55 times each time the tire turns once.
That won't change whether you have 17"s or 20"s.
Your "effective" ratio is only a RELATIVE measure, from where you are now. In other words, you get X performance now with 20" tires and a 3.55 ratio. Switching to 17" tires will give you the same net performance increase as going to a 3.64 ratio with 20" tires.
3.55-3.64 is not much. You probably won't even notice.