Just for the sake of other people who may just be starting out with this tablet, it turns out that it does matter whether you update first or unlock first. You will not be able to get a bootloader unlock code from the Huawei website after you upgrade to EMUI 5.0, so if you plan to root your tablet, make sure you unlock the bootloader before you upgrade. Otherwise, you will have to downgrade to an earlier version.
I upgraded first and still got a code. I have the LTE version. In order to get the code, I had to choose "phone" and not "tablet". It could be that with wifi-only version it won't work because you can't provide the IMEI.
Here are some notes from my experience with starting out on my new BTV-DL09 (4G version, bought in Europe):
1) I upgraded the brand new tablet to EMUI 5.0. At the end of the upgrade, I got an error message. But after reboot it seemed to work fine. Bluetooth does not work with EMUI 5.0 but I don't need Bluetooth on it.
2) I unlocked the bootloader. Had to choose "phone" on the Huawei site to get the code because there was no matching tablet with EMUI 5.
3) Installed Magisk 14 using twrp.
4) Systemless hosts doesn't work in Magisk because /system/etc/hosts is a symlink to /vendor/etc/hosts
5) remounted /system as rw, deleted /system/etc/hosts, copied /vendor/etc/hosts to /system/etc/hosts, remounted at ro
6) disabled magisk systemless hosts, re-enabled it, installed adblock hosts module, everything has worked since then.
7) changed dpi to 360 or so. 350 was nice because it made it look exactly like my Galaxy Tab S, but unfortunately the settings app didn't display the left side anymore. So I have larger icons now, but things still run in tablet mode.
If there is ever any update coming for this, I hope it will work if I undo my /system modification (put the symlink back)
I have to say, so far I'm very satisfied with this tablet! It runs super smooth, has great battery life, display, and the speakers sound great. Out of the box it's barely usable and very frustrating to use - I would not really recommend it to anyone if they don't plan on rooting it.
EDIT: just read I can get bluetooth working by upgrading first to B010 then B303, so I guess I gotta start all over again

Thanks
@30adi for that post:
https://forum.xda-developers.com/showpost.php?p=73470572&postcount=380