Are you having any issues? Do you have the graphics card in the title and are you having trouble with it being recognized by your motherboard?
Generally speaking BIOS updates are a touchy subject. Many people will tell you only to update them if you have a problem that is fixed with a BIOS update. However this can be difficult for instance with ASUS motherboards. Their BIOS updates aren't very descriptive, so it's difficult to determine what the update provides. Other people update their BIOS often and keep them up to date. The former set of people have either bricked a motherboard with a failed BIOS update or heard the horror stories about this. They do happen, but they are very rare now. In most cases even in these situations the manufacturer will have a way to recover from this without sending the board in. However I don't know that you need to keep them up to date either, although I am a member of this group personally.
So it's really up to you. If you aren't experiencing any problems with your system, and you aren't comfortable doing the update, then I wouldn't. If you are completely comfortable doing it and you want to, then I'd say go for it.