And - looking forward to say a 5.5 update...would that be included in our purchase of the core books or would we need to purchase the 'new' 5.5 version of the Compendium?
As for a 5.5 update, if it happens, that would depend on the business model that Wizards of the Coast used to release such an update. If it is released as new versions of the core books, with errata documents stating the updates that were made, then I expect D&D Beyond to also update without cost to users.
Does the Compendium reflect the latest updates to the core books?
http://dnd.wizards.com/articles/sage-advice/errata-november-2018
And - looking forward to say a 5.5 update...would that be included in our purchase of the core books or would we need to purchase the 'new' 5.5 version of the Compendium?
Yes, D&D Beyond is updated with errata as soon as it is released.
https://www.dndbeyond.com/forums/dungeons-dragons-discussion/rules-game-mechanics/8760-official-wizards-of-the-coast-errata
As for a 5.5 update, if it happens, that would depend on the business model that Wizards of the Coast used to release such an update. If it is released as new versions of the core books, with errata documents stating the updates that were made, then I expect D&D Beyond to also update without cost to users.
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Looks like the Drow Elite Warrior was missed. It still shows as having a reach of 10 ft.
http://media.wizards.com/2018/dnd/downloads/MM-Errata.pdf