What Hypertune says.
Nano Smoothing approximates smooth surfaces inferred from the small line segments gennerated from the CAM program. It ouputs position commands in nano meter resolution (one billionth of a meter). The net result is smoother surfaces, better finishes and more accurate geometry. Nano Smoothing - 2 applies to machines with rotary axes.
I would assume that you would from time to time have to machine sculpted surfaces on the dies you manufacture. So I would go with the option if that is the case.
Here is some info on the control and options -
http://www.fanuc.co.jp/en/product/ca...A(E)_v05_s.pdf
Be aware that every builder configures the control differently. So what is listed as an option may well be standard.