Ok, I love this place.
Way back on P1 of this thread, there is a link to an article last Sunday's NY Times. Interestingly, the article wasn't mainly about Smart cars, but was about the need for higher octane gasoline in general. We've had a huge discussion, but no one, it seems, wants to discuss the point of the article.
I read the article this weekend (the Times server is down, as I write this, so I have to go from memory).
Essentially, it says that the NEED for higher octane gasoline was to stop engine knock. Most cars, including the Smart, electronics that adjust for octane, so this won't be a problem. Additionally, the article goes on to say, that if the car is designed for higher octane gasoline, you get a small HP boost -- about 2% (if memory serves). Which, if you've spent mucho $ for a car that has Mucho HP, that extra 2% really means a lot -- It's a guy thing. It also says that you shouldn't see a mileage difference.
Vis the Smart -- Schembri says that you won't hurt the car if you use regular. My dealer uses regular for the test cars. I've read that you get a couple more miles a gallon using the higher grade, but the Times says you won't.
I think ever reputable source I've seen says you won't hurt the car using 87 octane, and it may (or may not) help.
Bottom line -- I'm kind of anal, so I use 93 octane when I can find it, but that's me. However, if the pump said 'out of order' for the higher grade gas, I wouldn't lose sleep over a tank or two of 87.
And remember .... Your Mileage May Vary.