Well, to be clear Terragen's camera settings do not always directly emulate a real camera. In a real camera there is generally a link between focal length, focus, depth of field, aperture, etc. Terragen lets you decouple them for more extreme or creative effects. But yes, if you want to get real-world camera effects, i.e. real-world apertures, etc. then you would need to understand photographic theory and typical lens characteristics.
- Oshyan