Can I update firmware version and preserve parameters?

I am working with a drone with a pixhawk 4 that is already configured, tuned and flying. I was wondering if by saving the “.param” file and updating the firmware from PX4 1.10.1 to 1.11.3, or even higher. And after the update loading the “.param” file, should this make it flyable again? or should I consider any further re calibration or parameters changes?

Anyway, sorry for the stupid questions, I am new to this.