Hi,
What is your point here. You didn't get my point. Your present level is 7.01/0043. You can leave it as it is whether it is production or quality or development until you are going for any upgrade activity.
During upgrade activity it will ask to update to latest level if you didn't update to latest level.
Still if you have any doubts, mention them clearly. So that if I can't answer them anyone here in SCN will try to answer your doubts.
Regards
Sudhir Sadhu