I think you want to either drop the tables and start with a fresh DB, OR manually apply each update that has came out since you last installed it. We are still working on making the auto-updater install all missing updates, but right now it only does the last one.
It sounds like your database is missing a new setting that didn’t exist on the old version of ContentBox but the new version expects.
ColdBox Platform Evangelist
Ortus Solutions, Corp