That check box has been unchecked since I started, have had all the camera boxes there unchecked, for quite a while. When its on, it moves the camera for the whole looting process; from the corpse, all the way to hull/ cargo. The problem I have when its unchecked, is only at the end of the loot beam when the item is about to enter my cargo; it shakes the camera back to home view then back out to the view I normally use 1 to 4 times quickly.
To get the view I use Hold shift and drag the mouse back and inch or two, then hold Ctrl and slide mouse again back a lil bit.