The Reparam. button for CV curves and surfaces displays this dialog. Reparameterizing a CV sub-object changes its parameter space to provide a better relation between control point locations and the shape of the sub-object.
Chord-length reparameterization spaces knots (in parameter space) based on the square root of the length of each curve segment.
Chord-length reparameterization is usually the best choice.
A uniform knot vector has the advantage that the curve or surface changes only locally when you edit it. With chord-length parameterization, moving any CV can potentially change the entire sub-object.
When on, the curve is automatically reparameterized as you edit it, using the active method of reparameterization. When off, no reparameterization happens unless you use this dialog. Default=off.
If on (the default), displays the effects of reparameterizing in viewports.