In both of my trucks, MAX is the same as recirculate.
I don't use it very often. Most of the time when I use it, it's to avoid a smell situation if I have time. IE...old diesel truck or bus ahead of me rolling coal because it's old and worn out.
My 2002 has black paint and gets VERY hot in the sun, so recirc won't do much of anything right off the bat because the inside of the truck is probably over 100*F. On a really hot day, I will run regular A/C for a few minutes, then maybe switch over to recirc if I want even more cold. Usually though my truck is blowing very cold air within a minute, and I actually have to turn the temp up or just turn the A/C off, so I never end up switching to recirc.
My truck is venting outside air most of the time, so I don't know how it would be with A/C odors on recirc all the time, but I have been in some cars that spend a lot of time in recirc where there is an odor from the vents...that sort of sour mold smell. We have an '04 or '05 Kia Rio beater at work that is on recirc most of the time, and that car has some funky smelling HVAC to say the least.