Unfortunately updating to 10.12.1 via the mac app store or delta updater will not update the recovery partition.
However for many years since 10.7.2 we have been able to update it for EVERY point release using the method I describe below - and 10.12.1 is no exception.
How to update the sierra recovery partition to a 10.12.1 version:
1. Download the Lion Recovery Update from
https://support.apple.com/kb/dl1464?locale=en_US . Put it into the downloads folder if it is not there already.
2. Download the full Sierra 10.12.1 installer from the mac app store and right click on the Install macOS Sierra.app file and click Show Package Contents. Go to Contents/SharedSupport/. Copy the InstallESD.dmg file into your Downloads folder.
3. Download and decompress the file recovery.sh.zip from
http://4unitmaths.com/recovery.sh.zip and move recovery.sh into your Downloads folder if it's not there already.
4. Open Terminal and type the following commands:
chmod +x ~/Downloads/recovery.sh
sudo ~/Downloads/recovery.sh
5. Wait a few minutes for it to finish and return back to a prompt. Reboot with holding down the option key to test your 10.12.1 recovery partition.
Here are before and after photos:
Before:
View attachment 668971
After:
View attachment 668972