That's what I do. For stop lights -
1. Always at least slow down
2. If there is very very clearly no one else at the intersection, and I have a good view to see anywhere cars would be coming from, roll through at reduced speed
3. In any other circumstances come to a complete stop - any cars at the intersection at all, not having a good view, etc
4. After coming to a stop, if I can see that there's absolutely no traffic I'll conflict with by going through the red, I'll go through the red. A lot of times it makes things easier for drivers when the light does change that they're not conflicting for space with a slower moving bicycle in the intersection.
5. If that's not the case, I just wait for the light to change.