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I think that all the updates are one file with the exception being that there usually is a PowerPC version and an Intel version. When you begin to install the update runs a quick hardware check in order to optimize itself for your computer. The only way that it would be bad is if you had an iMac with a PowerPC processor and a laptop with an Intel processor.
This is the way that I understand it to work anyway. At least the stand alone files that you can download. I'm pretty sure that "Software Update" works the same.