I’ve got an update pending for my Philips tv (43PUS7304) just wondering if there’s any downsides to updating?

I seem to remember when I got the a Tv that it wiped the Android part clean when updating, can’t remember for sure.

I’ve got a usb set to internal storage and another to external, spent days setting up emulation apps don’t want it to be lost.

Any ideas if it’s okay to update, or even better I’d there a way to disable the update notification?

Thanks