Here's why:
* Chronologically: Razor takes place between Seasons 2 and 3. It's a prequel to the events of Season 3, focusing on the character of Admiral Cain and her backstory.
* Story spoilers: Watching Razor before Season 2 would spoil some major plot points and character developments from that season.
While Razor is a great addition to the overall story, it's best enjoyed after you've seen the events of Season 2 unfold.