Firefox in particular has been evolving quickly, with many of under-the-hood improvements that may not fix "high-risk" security issues, but constantly improve security directly or indirectly (e10s?). You can't expect maintainers of an ESR to backport all those things.
There's always a risk in adopting the latest version of a program, but there's also a risk with keeping the old, less actively maintained version. I get burned all the time with Debian Stable, running into bugs fixed in the latest version but not backported. (nonetheless, I do prefer Debian Stable to most other solutions)
A project I'm involved in even has an automatic "toxic code" warning for PRs on known functions/classes that need to be refactored, and where monkey-patching will likely cause other security issues one way or another.