There is at least one other thread on our forum dedicated to crank length - search for it and read up - so much there!
Since I started riding Cruzbike about 5 years ago - I have been a major proponent of shorted cranks and have convinced many they are the way to go!
My personal thoughts are that you can get away with longer (175mm, etc) crank lengths on upright bikes because your hip more easily oscillates up and down during your normal pedal stroke letting you use longer cranks - people were convinced they wanted more and more leverage.
On a recumbent you are less mobile in the seat so that just does not work.
There is a pretty good "recumbent calculator: out there that also helps you estimate what you need. Here is the link.
http://www.recumbents.com/wisil/misc/crank_angle.asp
There are many reasons to choose a shorter crank length for recumbents, but the largest one for me is knee comfort, both now and in the future. If crank length is requiring your knee to bend beyond 90 degrees on your back-stroke it will eventually start affecting you.
The other other major advantage is power. The more your knee is bent beyond 90 degrees on your back-stroke the less power you will have whey trying to extend it. Try it just leaning against a wall with you knees bent at different angles.
Also as mentioned, you can spin up faster and there is a less frontal area. Also at higher cadenses your legs do not have to move as much and will not feel like they are flailing all over the place. I can easily spin 100-110 for hours with my short cranks,
I have regularly been riding 140-145mm cranks and do very well with them. I seem to have pretty good power for my age-group. Owner's: Jim and Maria have even recently (after I have been pestering them for years!) moved to shorter cranks (145mm I think) - and they love them.
Don't let people tell you that you will loose all this leverage because of a shorter moment arm on the crank. Yes, technically that is true, but that is what we have all those gears for.
Now you have another an excuse to use them
I have tested and ridden with cranks down to 95mm. The "only" negative I have noticed with the really, really short ones is that you do have to push harder on them for a shorter time since the distance around it so much shorter. You will not notice this with them in the 140-150 range.
Best way to "get" shorter cranks is to look on ebay for used solid AL Apex cranks. Buy then and get someone local at a machine shop to shorten them and tap them where you want. (If you can't do it yourself.)
My 2-cents on the topic,
Larry