An obfuscator generating code à la iocc efficiency would be quite neat (e.g. http://www.ioccc.org/2012/endoh1/endoh1.c)
Nope. That's classic non-engineer thinking. The same kind of thinking that does "optimization" without profiling.
Let me introduce you to my friend: http://en.wikipedia.org/wiki/Diminishing_returns
An obfuscator generating code à la iocc efficiency would be quite neat (e.g. http://www.ioccc.org/2012/endoh1/endoh1.c)