Will I have to run the figure updater to put the additional morph pack channels that I have back into V4 after I have run the new V4 installer (does it overwrite the previously installed V4)? 

Daz Studio 4.8 and 4.9beta, Blender 2.78, Sketchup, Poser Pro 2014 Game Dev SR5 on Windows 8 Pro x64. Poser Display Units are inches