FWIW, your bike was probably 13/50 stock, so your overall effective gearing at 14/54 is very similar.
I ran a 13/49 or 13/50 for trail riding on a '99 CR250R, set up for low end grunt. 13/50 was stock gearing on the '99, and 13/49 was stock on the '97, both of which have similar engines and transmissions to your '00.
If you go 13/54, you will find yourself not holding 1st or 2nd gear for very long, and doing lots of shifting. And your top speed will be pretty low.