I think we're going to let Patch Management handle it this time, but if I were to send this as a Managed Software Delivery, I'd install it on my system first and get the version number of, say MS Word, and use that as my detection rule.
And, as always, with the /quiet /norestart switches!
I installed this update while I had 3 or 4 Office apps running, and everything went smoothly. Once the apps themselves were restarted, they showed the correct version numbers.