First let me say, patch or not, Installing the Beta API version is the thing to do, at least in my books. It is super stable, runs like a champ. Reduced my updating time to almost nothing. My staff can begin work in the mornings a full hour earlier. Do you know how much more "stuff" they can get put into Inventory items in a hour?? I am really impressed with it.
And since you would be among other "lab rats' you are in good company. I am never afraid to install something Thom has done especially since he is only an email away for a problem fix, it one pops up.
Now about the patch--The patch is not included in the regular installer. But not everyone experienced the problem. I did not have any difficulties with my images. If you should have a problem with your images, just email Thom and he'll sent that little patch right out to you.