Power meter auto calibration toggle - what does it do?

There appears to be a new option (or one I've never noticed before) under sensor details for a power meter.  Separate from the calibration prompt toggle, there is now a toggle on my 1040 for "Auto Calibration".  What does this toggle do?  There is no Garmin documentation I can find that describes it.

Further, this option toggle does not appear until after the power meter is connected for some time, so I surmise there must either be some sort of 2-way negiotiation between the Edge and the PM to see if the PM supports it, or Garmin has an internal lookup for supported power meters.  In my case, I'm using a Quarq AXS 4-bolt spider power meter.  I am also troubleshooting a random power meter drop out, and thus the question.

Thanks!