Does it include the fix for apt's recent mirror redirect vulnerability? If not, any update to a fresh system would be trivially susceptible to a MITM attack if redirects aren't disabled. This includes docker images as well: https://justi.cz/security/2019/01/22/apt-rce.html
Canonical really should enable https as an additional layer of protection. This isn't the first time a bug in apt's authentication was found and it's unlikely that this bug will be the last.