A modern browser should be a feature upgrade. A browser as modern as the one that came with the device, except without known security issues, should be a required security update.
Coincidentally no one develops the latter without the former, so you get the former, but I don't see that you are entitled to it.
If anything I think the law should be designed such that there's an argument that you are entitled to the version of the browser that came with your device with security updates and without any feature regressions, which is never available today since browsers do choose to remove features on a regular basis.
It's probably not feasible with todays software ecosystem to actually create that constraint... but I still really like the idea.
Often when apps like Facebook are bundled on lower-end Android phones, they are not uninstallable. This means they take internal memory and can't even be moved to SD cards, severely restricting the functionality and durability of those phones. The only way way to fix it is by rooting.
Non-essential or third party apps should be at least un-installable. I'd be ok with a law for that.
This is a non-problem nowadays. We have long left the times in which browsers received essential features every few weeks. Using a browser with a feature set from five years ago you can still use all the most-visited websites perfectly fine. At the worst you're unable to use small, non-essential features of some sites. Maybe some ads look less fancy ;-)
Your problem today as a browser user is security against zero-interaction exploits, not missing out on some obscure brand-new CSS features. Security updates are thus what you need first and foremost.
With updates needed.
The lines get blurry. Is a modern browser a feature upgrade or security?
Well, both. But if the vendors really would just sort of fix their old mobile browser, you would still be stuck with a old browser unable to interact with the modern web.
Is it a feature update, that you want to install newer apps? (like another browser)
For this to make sense, it should enable you to update your whole OS of the devicey that it can at least install and update common apps. Otherwise its benefit is very limited.