Found this buried on the Garmin site...
- What are Elevation Corrections? Elevation Corrections cross reference the horizontal position (latitude/longitude) provided by the GPS with elevation data that has been acquired by professional surveys. When corrections to elevation data are made, each trackpoint of your activity now contains the elevation from the web service, not the elevation provided by your GPS device.
Garmin Connect selectively applies corrections to depict a more realistic representation of your elevation experience. Activities recorded from devices without a barometric altimeter are enabled with Elevation Corrections by default. Alternatively, activities recorded by devices with a barometric altimeter generally contain accurate elevation data and therefore Elevation Corrections are disabled by default. For those users who are familiar with the MotionBased Gravity service, this is the same service.