Yes. Clone the delivered registration page, make your custom mods to the new one, and point your site to the new page through user.config, as documented in web.config:
<!-- this key makes the Register link point to a custom registration page. leave blank to use the built in registration page.
<add key="CustomRegistrationPage" value="/path/to/your/customregistration.aspx"/>
Set RedirectRegistrationPageToCustomPage to true to force a redirect from the built in registration page to the custom url
-->
<add key="CustomRegistrationPage" value=""/>
<add key="RedirectRegistrationPageToCustomPage" value="false"/>