It could very well result in text reflow, (text composition engines change with each new version) and more insidiously it won’t necessarily happen right away, but only when you touch a text frame for editing, which means you might not see it.
Personally, if you are deep into this project, I would recommend that you reinstall the older version (assuming it’s only one version back) if you deleted the old version on installation of the new one, and finish the project in the older version, which is probably more stable than the latest anyway.
Most of the experienced users here will tell you, first of all, to turn OFF automatic updates and to leave old versions installed until you know for sure that you will never need them again.