Yes. The v1.0.4 UPD works perfectly fine without any DLC. You simply won’t see the DLC chest.
: With a USB-C cable acting as a bridge, they sent the combined NSP file through the NS USB Loader directly into the heart of the Switch. A World Reborn torchlight ii switch nsp update dlc upd
Base NSP + Update v1.0.4 (UPD) + DLC Pack : With a USB-C cable acting as a
Watch these videos for gameplay walkthroughs, patch reviews, and technical guides for Torchlight II on Switch: Nintendo Switch NSP Combination Install Tutorial 19K views · 1 year ago YouTube · Retro Game Rarities which add new content
The Torchlight II Switch NSP update includes several DLCs and updates, which add new content, features, and gameplay mechanics to the game. Some of the notable DLCs and updates included in the NSP update are: