x = x / 2 + 5;
x = x >> 1 + 5; // not the same as above
signed arithmetic might complicate things even more than the precedence problem mentioned above
to reiterate - the compiler will already do this for you anyway. In fact, it'll convert division by a constant to a series of shifts, adds, and multiplies for all sorts of numbers, not just powers of two. See this question for links to even more information about this.
In short, you buy nothing by coding a shift when you really mean to multiply or divide, except maybe an increased possibility of introducing a bug. It's been a lifetime since compilers weren't smart enough to optimize this kind of thing to a shift when appropriate.