Yes, if you install apps via Play Store in owner profile, updates will apply there and reflect in other profiles.
Yes, apps from Aurora or F-Droid in owner profile will get updates (if manually updated or using privileged installer for F-Droid). Updates will reflect in other profiles.
Your profile setup looks solid and privacy-focused. Consider:
Use Shelter or Insular for sandboxing if needed.
Keep Google Services only where essential.
Disable owner profile’s network entirely (AFWall+, NetGuard).
Prefer Aurora Store over Play for anonymous installs.
Overall, your plan is privacy-conscious and well-structured. Just refine app permissions and network access per profile for max isolation.