-V is verify, it makes FLAC decode the output while a track's being compressed to ensure the result is error-free. It stops the process if a problem is found.
-T writes the specified FLAC tag into the file, taken from the informations found in the "CD Title", "CD Artist", "Year", "Genre", "Title" and "Track" fields of EAC. For example, -T "title=%t" is the song's title displayed by an audio player which is capable of reading FLAC tags (most if not all players can read them), -T "artist=%a" is the name of the CD's artist. Note that tagging isn't related to the file's name, it's written into it as metadata instead. This metadata is extremely useful because it allows you storing lots of information about your music in the files, making management of your audio collection comfortable and easy.
ReplayGain is a technique used to set the playback volume of your music to an average level of 89 dB. Since CDs aren't equally loud you're usually forced to play around with the volume slider to prevent your ears being screwed when playing back an extremely loud song after a very quiet one. Have a look at
http://replaygain.org for more information about this matter, especially about the differences between Track Gain and Album Gain. With your command line your files are scanned using Track Gain, but if you like listening to whole albums at once, or maybe concept albums as well as live recordings, Album Gain might be more suitable in your case. It preserves the dynamics between an album's songs, unlike Track Gain which simply sets every single title to 89 dB.
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Oh, one other thing...in the Offset tab, should I check the box for "Use Offset Correction for encoding and decoding" if I have AccurateRip installed?
Using lossless codecs like FLAC and TAK or gapless lossy ones like LAME MP3 and Vorbis, there's no single reason to check this option.