Looks like switching back to force JPG doesn't remove the unneeded PNG. I manually removed the PNG. I suppose so it's a basic jAlbum issue.
Yes. The core doesn't quite know how to clean things up after a switch like that. If the album isn't huge, and doesn't contain any videos, it's probably easiest to click the little arrow to the right of the project name and choose
Delete... Delete local album, then make the album again.
ETA: I posted a bug report about it. Kind of a fringe case, and maybe very difficult to fix, since the core has to be careful about what it deletes.