Huge performance regression of 7.0.2, 7.0.3 and HEAD over 7.0.1 and 6.12 (MonoLocalBinds)

Exploring ways to make show for Double and Float faster, I encountered a terrible performance regression. Time increased about 20-fold, allocation about 75-fold.

With 6.12.3 and 7.0.1, the new code is nearly twice as fast as the old and allocates less than a third. With 7.0.2, 7.0.3 and the HEAD (7.1.20110329), the new code is over ten times slower than the old and allocates more than twenty times as much.

In 7.0.3's core at least some local bindings appear as polymorphic functions which are inlined by 7.0.1. And indeed, compiling with -XMonoLocalBinds rectifies matters. Nevertheless, that shouldn't happen.

Trac metadata

Trac field	Value
Version	7.0.3
Type	Bug
TypeOfFailure	OtherFailure
Priority	normal
Resolution	Unresolved
Component	Compiler
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