There is nothing like an update package - so there also is no need to let the UI handle this
Download the new version - then stop all running VMs - uninstall current version and install the new one. Thats the same result.
For the cautious folks ... - uninstall current and re-install new MAY work without reboot. The safer approach is to uninstall - reboot - manually clean up - reboot - install new version - reboot
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Do you need support with a VMFS recovery problem ? - send a message via skype "sanbarrow"
I do not support Workstation 16 at this time ...