This is the official Oracle's answer:
Java CPU and PSU Releases Explained
Starting with the release of Java SE 7 Update 71 (Java SE 7u71) in
October 2014, Oracle will release a Critical Patch Update (CPU) at the
same time as a corresponding Patch Set Update (PSU) for Java SE 7.
Which Java version should I choose: the CPU or the PSU?
Oracle strongly recommends that all Java SE users upgrade to the
latest CPU release available for a release family. Most users should
choose the CPU release.
Users should only use the corresponding PSU release if they are being
impacted by one of the additional bugs fixed in that version as noted
in the release notes.
The subsequent CPU release will contain all of the fixes from the
current PSU. For this reason, organizations should test the current
PSU in their environment in anticipation of these fixes being included
in the next CPU.
What is the difference between a Java CPU and PSU release?
Java SE Critical Patch Updates (CPU) contain fixes to security
vulnerabilities and critical bug fixes. Oracle strongly recommends
that all Java SE users upgrade to the latest CPU releases as they are
made available. Java SE CPU releases are odd numbered versions (i.e.
7u71, 7u65 – see more on Java SE version numbering schemes here).
Java SE Patch Set Updates (PSU) contain all of fixes in the
corresponding CPU, as well as additional non-critical fixes. Java PSU
releases should only be used if you are being impacted by one of the
additional bugs fixed in that version. The release notes call out the
additional fixes available in Java SE PSU releases.
Is the cadence of CPU releases changing?
As before, Java SE CPU releases are scheduled for release on the
Tuesday closest to the 17th day of January, April, July and October
under the normal Oracle Critical Patch Update schedule.
Starting in October 2014 with the release of Java SE 7u71 (CPU) and
Java SE 7u72 (PSU), Oracle plans to additionally release a
corresponding PSU release along with each CPU release for Java SE 7.
PSU releases provide organizations and developers with access to
non-critical fixes in addition to the critical fixes contained in the
corresponding CPU.
Use u73 unless you know you need a bug fix that's in u74.