Of course, I also go into any updates with a rollback plan. ITIL sucks, but one thing it taught me was the value of well documented plans any time you make changes to production systems.
According to the top comment in one of the posts in HN even 4.9 and 4.4 use a less ideal patch: https://news.ycombinator.com/item?id=16085672
I can’t really judge how much RH engineers are capable of fixing that kind of stuff in a kernel that’s officially out of support upstream.
Based on the general quality of RHEL/RHV I trust them to do the right thing, but I have no insight whatsoever in how kernel development actually works.
I'm kind of shocked Amazon doesn't have something like Linode's Fennix, but you can always do an EBS snapshot of your /boot volume and revert it if a kernel upgrade breaks stuff.
Only don't patch if your server is isolated and not connected to the internet.