Forgetting the pagefile for a minute another thing to check is to see if you have a hiberfil.sys in the root of c:? If you do and you don't hibernate you can get rid of that.
Open a CMD window and type 'powercfg -h off' and then it should let you delete it.
tbh if you are clever about where you install/save stuff and use something like CCleaner to keep on top of your temp files and hotfix uninstallers etc then 40GB should be more than enough for the o/s inc a decent pagefile.