Choose the first option...let it select it automatically. Make sure it's plugged in, don't do it during MS Update time (check) and don't do anything on it while it's doing it. If you pick the wrong one or it fails...it's bricked. From an ASUS Moderator helping a poster with a failed update:
"What ASUS offers to fix a corrupt BIOS is the built-in function CrashFree BIOS 3, which I've since over six years never have seen reported as successful."
It's the same with drivers, if you aren't having any problems or aren't missing any function that a potential update might offer there isn't any realistic point.
Rick...you are an Expert and naturally want no less than the best that your machines can offer. Also you know what to do if the worst happens. It's the 'end of the world' for novices if their BIOS borks. I've done it before but it's a tense few minutes. ;)
The RESPONSIBLE answer is: if it screws up it's DEAD with a nice repair bill to follow, so, if you don't need it don't do it.