The only Waves plugins that I would even consider WUP on would be the new ones, like Scheps Omni Channel. A lot of the older ones haven't been updated in a long time, and may never see another one. Why pay?
If one does get updated, like F6, wait for a $29 sale on it and buy a new license at everyPlugin.com for less than $25. Cheaper than WUP.
For me, WUP stands for Windows Uninstall Process.
Waves version numbering is a joke. EVERYTHING is 9.2.0, before and after updates. Then there are the 9.9.2 shell versions. And then Waves Central versions (WTF was that last update about anyway? sheesh). And then the licensing engine.
I pay no attention to those numbers. They just confuse things. I go by when the plugin was first introduced.