@rafglobal, sharing a quick test I made to demonstrate the post I shared above.
I have created a question with the following choices (please note both the labels and the XML values):
I deployed the form and made a test submission selecting both choices.
I then made a slight change to the choices in the same project. Please note the updated labels and XML values:
I redeployed the form and made test submissions again.
Here you can see that the labels and XML values have been retained. However, the labels are displayed based only on the latest version of the edited form. If you download the data in XLS format, the original labels are still retained.
So, please test this in a dummy project before applying it to your actual project.
