>just a simple case of bad code generation render little compiler into a toy one
If you find some time to go through gcc bugzilla you'll find shockingly simple snippets of code that miscompiled (often by optimization passes), with fixes never backported to older versions that production environments like RHEL are using.
I realized with all the rhel systems I’m using, we are never using default toolchains on them. Just use those old systems to run stuff, even newer toolchains.
I think a production grade compiler not only can, but must, leave performance on the table when the cost is correctness (unless the performance gain is incredibly high and the correctness loss is minimal). Correctness is not all important, but it is the most important thing. Unfortunately, compiler writers do not agree and they do silly things like "let's assume UB cannot ever happen and optimize based on that".
I do not agree in the general case. There are very useful DSL compilers which do not consider performance at all, but just compile to a target which does the optimization for them (JVM, LLVM IR or even just C)
if you aren't running on the gpu you're leaving 80+% of your computer's performance on the table. no optimizing compiler is going to make your legacy c or lisp or rust code run efficiently on the gpu, or even in most cases on a multicore cpu. nor, as thechao points out, can it compete with assembly-language programmers for simd vectorization on the cpu
in summary, optimizing compilers for c or pascal or zig or rust or whatever can only be used for code where considerations like compatibility, ease of programming, security, and predictability are more important than performance
probably the vast majority of production code is already in python and javascript, which don't even have reasonable compilers at all
If you find some time to go through gcc bugzilla you'll find shockingly simple snippets of code that miscompiled (often by optimization passes), with fixes never backported to older versions that production environments like RHEL are using.