The maximum height \( H \) attained by a projectile is given by the formula:
\[
H = \frac{v^2 \sin^2 \theta}{2g}
\]
where \( v \) is the initial velocity, \( \theta \) is the angle of projection, and \( g \) is the acceleration due to gravity.
For the two projectiles, let \( H_1 \) and \( H_2 \) be the maximum heights for the angles \( 45^\circ - \alpha \) and \( 45^\circ + \alpha \), respectively. The ratio of the maximum heights is:
\[
\frac{H_1}{H_2} = \frac{\frac{v^2 \sin^2(45^\circ - \alpha)}{2g}}{\frac{v^2 \sin^2(45^\circ + \alpha)}{2g}} = \frac{\sin^2(45^\circ - \alpha)}{\sin^2(45^\circ + \alpha)} = \frac{1 - \sin 2\alpha}{1 + \sin 2\alpha}
\]
Thus, the correct answer is \( \frac{1 - \sin 2\alpha}{1 + \sin 2\alpha} \).