http://www.bible-researcher.com/recovery-version.html
Basically says it's not such a bad translation
But...
http://www.apologeticsindex.org/r22.html
The Recovery Version of the Bible is published the Living Stream Ministry, the publishing arm of the Local Church which, theologically, is a cult of Christianity.
The Recovery Version is controversial in large part because of its extensive footnotes, which promote Local Church theology.
The Bible that the Local Church offers in the United States is called the Recovery Version [4] of the New Testament and is unique, both for its theology and for its massive doctrinal commentary, which exceeds the actual biblical text on many pages. Study note #5 for Revelation 2: 9 reads: "Roman Catholicism and Protestantism, as well as Judaism, fall into this category [opposing God], having become an organization of Satan as his tool to damage God's economy."
Source: Apologia Report, Volume 7: Number 3, January 28, 2002