With some of our clients, we've experienced a very brief hiccup as Google recognizes some changes and has to re-crawl. But if you structure your site similarly to the old one, ensure you include any meta tags, necessary content, etc... it should rebound quickly. You may not even see a drop, but in other cases it can take a few months to recover. Overall, we've seen major improvement in visibility with newer umbraco versions. 100% recommend.