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This has always been a topic of contention. It really comes down to the marketing you do for a sponsor and the quality of the site you're promoting. I've used both and found recurring to be better. The recurs pick up the slack on days when there are few or no sales. It's always nice to be making money effortlessly with recurring.
Say you make $5k pushing PPS one month. That's a nice chunk of change. What about next month? You basically start from scratch. If you made $5k with recurring, you'd likely see %50+ the next month, so you could do no work at all and have an extra $2500 waiting for you next month. If you made another $5k on new sales well then, you'd have $7500 waiting for you.
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