How do I update my fredo6 Library

I installed the fredo6 Library some time ago and now it says there is an update for this library but I am not sure how to update the library aside from uninstalling it and then reinstalling the updated version. Is this the best way to get the newer version?

Get the most current versions of Fredo6’s extensions at Sketchucation. The easiest way to keep them up to date is to have installed the Sketchucation Extension Store and use it to install extensions from Sketchucation. Then check the tool periodically for updates and install them automatically.

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