Saying recurring again is "okay," yes, in that it is grammatical and comprehensible, but it's virtually always unnecessary and generally inadvisable.
As OP notes, the concept of repetition is included within the word itself, and thus adding the word again is redundant and may potentially annoy people.
There may be times, however, when one wishes to emphasize that something is once again occurring again, in which case "recurring again" is the logical way to express the idea.
Aside from that particular type of situation, stick with recurring.