Normally, the most recent Recommended is listed, but this is a case of a Recommended JHF being "revoked" for one reason or another. I've seen it happen before. In this case, it looks like the reason is what @emmap said; looks like the recent pile of CVEs are more important. You'll see Recommended come back again soon. Then at some point in the future, you'll see a repeat of this same scenario when some other extenuating circumstance occurs.
Imagine from Check Point's perspective, tho: "I installed the most recent Recommended but now my vulnerability scanning service says I'm vulnerable to all these CVEs! I thought I had all the updates!" ...well, you did... until things changed. Now you're not.
They didn't completely rescind the last recommended JHF either, as you found. If you install that, tho, now that time has passed since that JHF, you need to be aware of the forward risk. There are CVEs now published which have been patched in the new JHF candidate. You have a decision to make: Install the new candidate, or ask TAC to get you portfixes for those CRs for your current JHF. It's up to you; you have options. Pick the one that's best for you.