You did answer the question about whether or not the original casting was heat treated (quench & temper, normalized, etc.)-- can you provide an answer?
Next, there is a big difference between 90% density and 94% density, in terms of strength, fracture toughness, etc. In order to maximize the properties of the PM part, you should investigate making the minimum density = 94%. This should be achieved by pressing, pre-sintering, re-pressing, and final sintering. The part should feature as large of a radius as possible in the critical area.
If I understand correctly, a Rockwell hardness test using the Brale indenter and 150 kgf (Rockwell C scale parameters) on this part gives a hardnes number of 55 HRC. Are you sure the 55 HRC is not converted from microhardness (Vickers or Knoop)? If it is a true HRC reading, then the hardness is WAY too high. PM parts have terrible fracture toughness as it is, and 55 HRC macrohardness is essentially untempered martensite. Have you had any metallographic analysis performed to confirm that the martensite is tempered? I would recommend doing so if you have not.
As I mentioned previously, look into the Ni-Mo-Cu alloys for improved toughness. Personally, I really dislike working with PM parts, for this very reason. You may want to consider a parallel investigation for converting the part back to a casting or some other form (fineblanking, etc.). Good luck.