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To OP, you will be getting the most recent patch (1.6.1170) that is considered by most mods to be the "AE" version, although there are now multiple different versions labelled as such... Some are specifically for pre 1.6.1130 because that made some changes that required updates.
You will NOT get the Anniversary Edition paid mod content, but that's mostly garbage that isn't really worth the money anyway IN MY OPINION. Most of the mods from it have alternatives that are as good or better.
Edit: Just realized this was an older post that had already been answered, well I'm still leaving it up anyway.
Second Edit:
While I agree wholeheartedly that a lot of the updates seem to be unneeded, IMO it is worth upgrading to current version now. Most of the good mods have been updated or patched for 1.6.1170 and there are some features older mods don't support.
But definitely turn off automatic updates, and only update if you are sure you are ready to do so...