Dose this device still has the vulnerability of port ACL Bypass?
yes the bug is still in the version
If so, is upgrading the IOS to fixed version only solution?
No they advise it can be mitigated through configuration as well in the bug release , but your better off upgrading to avoid bugs
And upgrading IOS of backbone switch needs downtime, I want to make 100% sure.
That depends on your setup , if using eFSU/issu and dual sups or VSS no probably not , but if using single sup then yes it will need to reboot to bring IOS online