Banding is the "width" of voltages the balancers will work on simultaneously.
In my case, when I deployed my NMC bank, the total deviation was about 0.25V. 12 were pretty close, one was way low and one was way high.
Set gap to 0.02V. If I set banding to 0.01V, it would have only worked on the cells with the highest voltage within 0.01V, i.e., the single high cell.
If I set banding to 0.25V, it would have done all cells 0.02V or higher from the lowest cell. In my case, I needed 13 of 14 cells burned off. This could have over-worked the heat sink on the WM5 if I didn't have active cooling. In this case limiting the banding would have reduced the strain on the balancers.