I guys. I fully grant that the recurve has advantages. First a little more edge length for a given blade length. Some kinds of serrations also exhibit this effect, and if a single recurve is good, think of what a Kris style blade might be like on a small knife

The other advantage is the gut-hook effect mentioned by Owen, and I grant that too. Now having granted these advantages I still say that in general, and taking into account all of the types of cutting a real general purpose "utility knife" is called upon to do, the advantages of the recurve don't outweigh its disadvantages, and remember all of this is <b>IMHO!</b>
The recurve shines in two kinds of cuts (not counting slashing in self-defense applications). One is the draw upwards as in pulling the knife up through thick cardboard (or for example carpet) where the gut-hook effect comes into play, and the other is the pull cut across some substance (like thick rope or the aforementioned dowel) that is not trivial to cut through in a single stroke with any knife (like twine would be). In this case both the extra edge length and angle-of-attack advantages come into play.
But what about the disadvantages? Difficult to sharpen on a benchstone (even a relatively narrow one using a jig IMO); no good at push cuts where the whole edge must meet the cutting surface at the same time as in dicing vegies; not very good for scraping if you want to use all or most of the blade behind the belly (taking scales off fish, hair off hide, or plaining wood where the advantages of the recurve actually become disadvantages); not good for thin slicing meat or bread because the center of the belly hits the cutting surface before the rest of the edge has cut through what ever it is you are slicing; or for any application where you must turn the knife (change direction of the cut) with the tip embedded in the substance (for example coring an apple). Add to this that the recurve only comes into its own when the substance to be cut is non trivial - for example thin cardboard is so easy to cut with any knife that the gut-hook effect while present is overkill.
So for me (again, just my opinion), taking all of this into account, the recurve makes little sense and I don't buy them. If the knife is primarily intended (and sold) for "self defense" as many "tactical knives" are, and in addition, your self defense style favors slashing (the recurve has no advantage in thrusting), then by all means buy a recurve. If, on the other hand, the knife you carry might have to do any of the chores listed above and/or you don't spend all day pulling knives through thick cardboard or sawing through thick rope, then consider a non-recurved blade.