Better not update?

I have an ESS running with two MultiPlus II units.

The portal is now showing that there is an update available for my MultiPlus units.

Is it correct that if I install this update, I’ll have to set up the ESS again?

Correct. You do not need to update just because there is a new version. An inverter is not a mobile phone that constantly needs updates. If nothing is broken, leave it.
There is very little in the way of changes, usually grid codes.

Hi Thorben,get registered with proffessional.victronenergy.com

there You’ll find,among other hints and news,

changelogs for the firmware updates.In that case You decide if necessary or not…Best regards Frank