An FTP of 280-290 for someone of your weight would make you a pretty strong rider in these parts. My current FTP is somewhere in the low 280's, but the more I learn about FTP, the less importance I place on it. I've raced against riders with FTP's well above mine, but I routinely beat them in sprints because my peak power output is considerably higher than theirs. In a longer race where endurance becomes a big factor, they would of course win every time.
That's a very unusual. It certainly does not mirror my experience, or anyone else's that I've heard from. The reports I've read from others is that a greater angle of recline always results in a drop in power. You do regain some of it after your body adjusts to the new position, but I've never gotten back all of it. The trick is to stay in that zone where the power you've lost is more than compensated for by the improved aerodynamics. My peak wattage when I was riding only road bikes four years ago was right around 1300 watts. When I first started riding a recumbent, the most I could manage even on a trainer, was about 700 watts. That number has gradually increased over the years, but it's still nowhere near what I could manage on my road bike four years ago.
It's a big increase to be sure, but not out of line with my past experience. When I was lifting weights back in my 20's, I was able to triple my strength over a two year period, but then quit doing it for many years and lost all the strength I'd gained. When I resumed weight training, I assumed that it would take me just as long to regain the strength I once had as it took to build that strength originally, but in fact it required only a fraction of the time. I don't quite understand the science behind it, but it seems that once the body has attained a certain level of performance, it take much less time to re-acquire it.
I've read two scientific papers which proved it using various test subjects on a machine that made possible radical changes in hip angle. The question is not whether it happens, but why it happens. Many riders like me have been using power meters on all our bikes for years, and there is absolutely no doubt that, in a reclined position, we're not able to produce the same amount of power. Not even after years of riding bents exclusively. Larry Oslund has done numerous power tests on bents with varying seat angles, and it didn't surprise me in the least to see that his results also show big power losses as the angle of recline increases.