IGBTs are chosen when they have lower conduction losses. The switching losses are higher, so the switching frequencies go down, too.
For a 340V supply, IGBTs are meh. For industrial (400VAC+) equipment, they're pretty good, and in large modules (100A+) they're quite good (as you can't really get MOSFETs that large, and they'd be too fast to switch that much current safely anyway, so why not get something cheaper).
In the <400V range (like here), it's better to throw enough MOSFETs at the problem to reduce conduction losses below IGBT levels. You can even reduce it below diode levels: this prevents body diode forward-bias and subsequent recovery losses.
If you're in a situation where cost is more critical than efficiency and size, you might go more towards IGBTs.
At lower voltages (Vds < 300V), it's no contest. They don't even make sub-300V IGBTs, no point.

(The ones they do make -- 300 to 400V, 300A+ pulsed, are used for driving plasma displays; or, they were, as PDPs pass out of vogue, now.)
Body diode recovery is kind of hard to avoid, and it is a big problem in a converter that has to handle four quadrant operation (that is, positive or negative, current or voltage, at the same time). Correct snubber design helps a lot to mitigate recovery.
Tim