Hello,
It is recommended to update with keeping your current configuration no more that two iterations between current and target firmware versions. Otherwise, various issues might begin to occur.
Thus, it is suggested to update to the latest with Keep settings option disabled straight away and reconfigure your device afterwards. You can slightly reduce configuration time by copying configuration files from /etc/config/ directory within the router using WinSCP, as instructed in this page, and replacing with those files after update.
The file with configuration data in the screenshot can be found in /etc/config/simcard
Best regards,