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The code for the meta tag that you are talking about is:
<META NAME=revisit-after CONTENT="14 days">
This is not very effective anymore, since most spidering engines are currently ignoring meta tags. Additionally, most spiders do not obey this command. I do not think there is a penalty for including this in the code, but bear in mind that it will not be much of an asset.
Good luck!
2M
I have however seen spiders come back between daily (the spider of where I am hosted, an AV-type spider) and once every 25-30 days. there are spiders i see once and never again.