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If you have a unique site, updated everyday with a absolute KILLER members area you can make more money with Recurring. Recurring sucks for sites with small members area or lack of updates and memberships that cost $40 just don't recur like $24.95 memberships.
Per signups can be good, but really a lot shave to stay in business. The big boys sites probably recur at about 1/10 per signup a month, stay away from big boys recurring programs they have no idea on recurring, they base their business around per signup and so try to suck as much money out of a signup as possible as fast as possible.
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