In theory: absolutely. This is just anecdata and you are welcome to challenge me on it, but I have never had a problem upgrading Kubernetes itself. As long as you trail one version behind the latest to ensure critical bugs are fixed before you risk to run into them yourself, I think you are good.
Edit: To expand on it a little bit. I think there is always a real, theoretical risk that must be taken into account when you design your infrastructure. But when experience tells you that accounting for this potential risk may not be worth it in practice, you might get away with discarding it and keeping your infra lean. (Yes, I am starting to sweat just writing this).
Edit: To expand on it a little bit. I think there is always a real, theoretical risk that must be taken into account when you design your infrastructure. But when experience tells you that accounting for this potential risk may not be worth it in practice, you might get away with discarding it and keeping your infra lean. (Yes, I am starting to sweat just writing this).