Just got the physical copy. I have both digital and physical.
I have pre loaded the game and when I put in my physical copy there was absolutely no download. Just to keep in mind.
You tried both "versions" on the same PS4/X-Box? This cant work because if you downloaded the digital version you already have V1.02, not like the disc version which is still V1.00 after installing.
So if you downloaded it digital with a locked play until midnight, but putting your disc in and it isnt locked anymore? Wow thats nice to know.
Yes you can convert your digital purchase to a disc purchase (if you own both of course)
and essentially skip the update (if you had preloaded)
Can confirm did it on both my PS4s this way.