Would Argo CD re-render helm chart upon k8s control plane version upgrade?

[ks-yim]

Imagine that an Argo CD helm application is running on v1.20.11 k8s cluster, and the helm chart contains the following in its template.

{{- $kubeVersion := .Capabilities.KubeVersion.Version }}
{{ if semverCompare ">= 1.21.0-0" $kubeVersion }}
apiVersion: batch/v1
{{ else }}
apiVersion: batch/v1beta1
{{  end }}
kind: CronJob
...

Assuming that I've upgraded the cluster to v1.21.9, would Argo CD recognize the upgrade and re-render the helm chart and sync it so that the new API version is used for the CronJob resource or should I do additional work to upgrade the API version?

I am plannin on k8s version upgrade and want to know the exact behavior of Argo CD.

Thanks in advance!