yes you can but using local user account instead of some AD service account will lower you security ...
- The user account must be an administrator on the local machine.
- use same account for vCenter server service, Webservices, Profile Driven Storage, SQL Server DSN
SMS is not part of reregistering process despite this services and its plugins are quite sensitive to installed SSL certificates so give it a try....
Before you will perform some of the steps above check these config parameters in your vCenter installation:
(its from vCenter 5.1 hope they will be the same for 5.5, maybe IDs below may vary)
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\VMware\tomcat\webapps\sms\WEB-INF\classes\com\vmware\vim\sms\config.xml
<webServerPort>8080</webServerPort>
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\VMware\VirtualCenter Server\extensions\com.vmware.vim.sms\extension.xml
<health>
<url>http://localhost//sms/smService-web/health.xml</url>
</health>
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C:\ProgramData\VMware\VMware VirtualCenter\proxy.xml
<e id="12">
<_type>vim.ProxyService.LocalServiceSpec</_type>
<accessMode>httpsWithRedirect</accessMode>
<port>8080</port>
<serverNamespace>/sms</serverNamespace>
</e>
<e id="14">
<_type>vim.ProxyService.LocalServiceSpec</_type>
<accessMode>httpsWithRedirect</accessMode>
<port>8080</port>
<serverNamespace>/ui</serverNamespace>
</e>
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Regards,
P.