Lots of people are scared of updating the BIOS, and I sort of understand it. However I've been building systems since the 90's and in all that time, I've only had one firmware upgrade brick a motherboard. That was back in the Pentium III days though (on a GigaByte motherboard), I ordered a new ROM (because you could remove it) and got my machine back up and running. Most motherboard makers have provisions now to recover from a bad flash. GigaByte has their Dual BIOS, ASUS has Flashback, I'm not familiar with MSI, but I'm betting they have a way to recover from this too.
Nowadays though, every motherboard maker provides a simple utility inside the BIOS to flash your BIOS with. No need to mess with bootable media (floppy, USB, etc), just copy the binary file (in the case of ASUS a *.CAP file) to a FAT32 formatted USB stick. Go into the BIOS select tools, go into EZ Flash (ASUS) and flash the BIOS. I recommend this way because I do not trust doing it via Windows. This is literally the simplest way to do it.
One caveat to doing this, mess around with the system a little before flashing the BIOS. So go in the BIOS, monitor your temps, voltages, fan speeds, etc, maybe change a few things, just make sure the system is stable in the BIOS first. You don't want to flash the BIOS in like the first minute only to find out the system isn't stable and it crashes in the middle of the flash. So just mess around in the BIOS (but don't start installing Windows yet) for a bit to make sure you are stable. If you don't have anything weird happen in the first 5 or 10 minutes, you should be good to flash the BIOS.
Your motherboard hasn't been out very long, and depending on how long your particular motherboard has been in existence (from the day it was manufactured), it could have had several fairly critical updates. One that comes to mind is the Skylake CPU bug:
Intel Skylake bug causes PCs to freeze during complex workloads
At the very least you'll want this BIOS update. For you motherboard alone, there were 5 updates in the first 5 months, there have been 8 in total including the initial release. Nearly every one of them says they improve system stability or system compatibility. Who doesn't want to benefit from improved stability and compatibility? The last update (1601) was released March 25, 2016, so it's pretty recent.
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