Should I update my bios (Asus z87 PRO)

I have Asus z87 PRO and as I was doing some spring cleaning on my computer I started wonder if uefi update would be needed. By typing console command SMBIOSVersion it tells me I got version 1602. This version seems to be over 2 years old. Does bios version impact performance significantly or is updating not needed?
 
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Using 4T HDD? Upgrading your CPU? Experiencing stability issues? Any of those, you might want to update BIOS.

You certainly may update drivers to 2015 in support of Windows 10 (but keep the old handy, just in case).
 
Your BIOS is one thing in your system that doesn't necessarily need to be up to date. If everything is working as intended, there is really no reason to update your BIOS. Now, if you are having issues like @Cycloid Torus pointed out (stability issues, CPU upgrade that needs bios update), it would make sense for you to do it. But, in your case, I'd say that you don't need to worry about updating.
 
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