I have a kernel which uses 17 registers, reducing it to 16 would bring me 100% occupancy. My question is: are there methods that can be used to reduce the number or registers used, excluding completely rewriting my algorithms in a different manner. I have always kind of assumed the compiler is a lot smarter than I am, so for example I often use extra variables for clarity's sake alone. Am I wrong in this thinking?
Please note: I do know about the --max_registers (or whatever the syntax is) flag, but the use of local memory would be more detrimental than a 25% lower occupancy (I should test this)
Occupancy can be a little misleading and 100% occupancy should not be your primary target. If you can get fully coalesced accesses to global memory then on a high end GPU 50% occupancy will be sufficient to hide the latency to global memory (for floats, even lower for doubles). Check out the Advanced CUDA C presentation from GTC last year for more information on this topic.
In your case, you should measure performance both with and without maxrregcount set to 16. The latency to local memory should be hidden as a result of having sufficient threads, assuming you don't random access into local arrays (which would result in non-coalesced accesses).
To answer you specific question about reducing registers, post the code for more detailed answers! Understanding how compilers work in general may help, but remember that nvcc is an optimising compiler with a large parameter space, so minimising register count has to be balanced with overall performance.