Sparkfun Pocket AVR Programmer with IDE (again)

Just curious about the BOOTRST fuse bit.
If I understand correctly, when this bit is programmed, it executes the bootloader code, and then the application code after a reset?
If the bit is unprogrammed, then it executes the application code immediately after a reset?

So I assume, when you normally have a bootloader present, you want BOOTRST programmed?
But in this case, I assume it doesnt really matter since the bootloader file is blank?

Is that correct, or have I interpreted this incorrectly.

Regards
J