You aren't 'supposed' to calibrate your lens, but it is an option. All lenses and camera bodies are built within tolerances. There are sometimes that the tolerances involved will cause a lens to front or back focus(focus on something further or closer than the actual subject). If you have a lens that is exhibiting those characteristics and you aren't getting sharp pictures, you can use the lens calibration to adjust the focus and hopefully get the camera to focus on the subject.
It is a hit or miss proposition since most people attempt to calibrate zooms and a zoom lens could be off different amounts based on the focal setting.
In any case, if you are happy with the photos you are getting, you shouldn't worry about calibrating any of your lenses.
Formatting your card, as mentioned above, will delete the photos on your card, but it also structures the memory and file structure to work with your camera. Generally, I format my card before any shoot as long as I have already transfered the pics over to my computer.