I wouldn't go so far as to say it produces lighter recoil. Recoil is the combined physics of bullet weight, velocity, and powder charge mass. So I suppose in this respect, a load that would employ the use of 296 in which 2400 is used for a similar velocity would produce some reduction in recoil, but I doubt if it would be to a degree that one would feel. And to try and load 2400 up to the velocity range potential of 296, would certainly increase pressures a good lick higher than 296 does with a more manageable pressure range.
GS