The problem is mismatched updates - if the figure in your library is Michael 3 SR1 then it's the morphs you need to redownload, if the figure isn't SR1 then it's the figure you need to redownload. If you update M3 and you are using Poser 4 on a Windows system you need to delete RuntimeGeoemtriesDAZPeopleblMilMan_M3.rsr as well.