Don't use [UIImage imageNamed:] for loading images. That builds up in memory tag 70.
Use the instance methods initWithContentsOfFile: and autorelease it explicitly. Note: Doing so would mean losing the caching advantage [UIImage imageNamed:] gives. But try it out.
Use @autoreleasepool (instead of NSAutoreleasePool) around the code where image allocation happens. It can be used regardless of ARC.