Actually I think the explanation is pretty clear:
Smoothing: In Room Correction, smoothing reduces small fluctuations in the frequency response curve, making it easier to interpret and focus on overall trends. It removes unnecessary details caused by noise or measurement artifacts, prevents overcompensation during adjustments, and helps achieve a more natural correction outcome.
So, 1/3 smooting is the strongest, 1/12 the weakest smoothing. Which means 1/3 corrects maybe too much, 1/12 might correct too little.
Nobody has the answer to what is best for your room, as every room is different.
It‘ll be trial and error.
The default value is certainly a good point to start…