So which color temperature setting is best? As with the gamma setting, it depends on what kind of work you do. For many years, the standard color temperature setting for graphic arts work was 5000°K (also known as D50). This is closest to neutral white and simulates common lighting conditions for reading printed materials. Therefore, I feel this is the ideal color temperature to select if you do mostly work for print.
If you create mostly web graphics or other images viewed on screen, choose 6500°K (also known as D65). This is the default color temperature of the sRGB color space and is used by mass market computer monitors, most of which are uncalibrated. It also displays images with a bluish color cast that is familiar to consumers who watch lots of TV (e.g., most Americans).