What is the recommended/supported version of Webform CiviCRM module for Drupal 7?

The recommended/supported version is 7.x-5.x

If you're on 7.x-4.x (or below...) you are strongly encouraged to upgrade. The newer 7.x-5.x branch includes many bug fixes along with improvements in the code base, e.g. many direct database queries have been replaced by API calls.

Next week we will be going through the drupal.org webform-civicrm issue queue and we will be closing issues as outdated if they are against 7.x-4.x or below.