If you happen to be using a high dilution developer like HC-110 dil H, just think of 220 as requiring the same amount of HC-110 concentrate/syrup as two rolls of 120, and check the calculation.
If you use the conservative recommendation of min 6 ml/roll of syrup (as I do when using HC-110), you will find that with dil H (1 + 63) you need a tank that is at least 768 ml in size.
With the near dilution E of 1 + 49, you need a tank that is at least 600 ml in size.
Whereas with dilution B (1 + 31) the minimum amount is 384 ml - so filling up the 500 ml tank will be fine.