Greetings,
As you need someone experienced in CAESARII, I can take this offer because I've worked in several projects from underground piping, to piping systems over offshore facilities. Most of these analysis have required several occasional load combinations, including seismic, waves, displacements and wind.
Regarding your question, the Option 1 of load case analysis refers to scalar combination of operational loads such as W, T1 and P1 with seismic loads on planes (X,Y), (-X,Y), (X,-Y), (-X,-Y), (Z,Y), (-Z,Y), (Z,-Y) and (-Z,-Y) (that, accodingly with the default designation of coordinates of the CAESARII analysis).
The Option 2, refers to the same scalar combination of operational loads with the seismic loads only in an specific direction, which will let you know the maximun and minimun loads on each node for the set of earthquake loads.
Look for my email address in case you requiere further information from me.
I am looking forward to hearing from you soon,
Kind Regards,
Guillermo Ollarves