Some highly reflexed asiatic style glass bows do put up good numbers. But I agree with PatM, D/R bows are more user friendly. Easier to string, easier to tune, easier to be accurate with, less delicate etc etc. But they also perform well. It's a good choice for commercial fool proof bows.
If you accept what I've been saying about reflexed bows having higher string tension and lighter limbs for the same draw weight (as stuckinthemud said in his original post), it might seem odd that D/R bows can hold their own in performance. As many have been saying, I think it's largely due to the geometry and string angles.
Recurved tips are good, but they don't make the difference here. You can recurve the tips of both reflexed and deflexed bows. The difference maker is the deflex.
I can actually shed some light on the geometric benefits of deflex. It's not terribly mysterious. In fact, I think I can sum it up in one sentence:
A straight line is the most efficient way to cover distance, and deflexed bows are usually less bent at full draw, so the tips end up farther from the handle.
To illustrate:
These two bows have exactly the same limb length, the same brace height, and the same draw length. Yet you can see that the deflexed bow ends up with better string angles, and is acting like a longer bow at full draw. These bows start with straight limbs just to make it simpler, but for basically any limb shape, curved, recurved, whatever, the more overall reflex a bow has, the farther its limbs have to bend. The farther they bend, the more their effective length changes. So the reflexed bow will usually have lighter limbs and higher initial string tension, but the deflexed bow usually has better geometry.