Yes there is - maintainable code, programmer time and effort. What are you worried about, a large power bill due to your cpu doing what is supposed to be doing?
On an unrelated note this kind of attitude is the first thing I test for during a programmer interview, and is my strongest case for eliminating potential candidates. I made the mistake once of letting one through - his first task was a relatively straightforward modification to a large C program. A week later I was a bit worried he hadn't reported back done, so I went to check up on him and it turns out he was busy changing every line of code to adjust formatting and variable names, not to mention these kinds of pointless micro-optimizations. And he hadn't even checked in once, he was saving the checkin itself for another multiple day effort. Sigh. I tried using the "premature optimization is the root of all evil" line on him to get my point across (and see if he had heard of it), and it was when I saw his eyes flare up in anger I knew he had to go. Sad really because he was otherwise quite bright.
Now I basically put C++/game programmer applications in a "special pile" to be considered as a last resort. I just dont need this kind of arrogance and cowbow mentality wrecking the place. Its like sending a bull into a china shop.