New version of recovery? Simple. Download to PC and rename to recovery.img. Boot into fastboot mode.
fastboot flash recovery recovery.img
=ROM toolbox finds the trashcan.
I'm not badmouthing the app. There are some uses for it. Ever tried changing a font face with it or applying a incompatible boot splash screen? Frankly, it can be scary. I do use ROM Manager though. It will update Clockworkmod Recovery, but not the touch version without a fee. I have the Premium Version, but it still charges for some features. I used it the other day to manage my Nandroids. I couldn't locate the new directory.
By the way, ES File Explorer has an integrated .prop file editor.