You'd do it the same way as any other piece of software, except when you import the 10.1.4 msp remember to assign it the "Update" Software type, not "Software Release".
"install" Command Line Type, msiexec /p...
Detection rule would be something along the lines of acrobat.exe=10.1.4 or maybe look in the add/remove section of the registry.
Applicability rule would be something like acrobat.exe >= 10.1.0 AND acrobat.exe <10.1.4.
Under Associations, Updates Adobe Acrobat 10.1 & 10.2 etc.
Then create a Policy to apply it.