Unfortunately, F5 series does not support continuous altimeter calibration via GPS (similar to Suunto's FusedAlti)
Such a feature is very useful, especially for a high end ABC watch, since the barometric altimeter is bound to drift in long running
activities (such as hiking, trekking, mountaineering etc)
I emailed Garmin and they confirmed that the F5 does not have this particular feature
I asked them whether they accept feature requests and told me I could submit one at the below URL
http://www8.garmin.com/contactUs/ideas/
If any of you believe such a feature to be useful, please spend some time and submit it
The more requests they receive for the particular feature, the more possible it is to add it
Thanks