[Mystic Edge]

To be more specific, INSetup.exe contains Ultima Online: Mondain's Legacy patched up to 6.0.14.0 (or whatever is recommended). It also has the static files pre-patched up to the time that the package was made.

So you'd run it and select the place to extract it to. It creates a folder named "Ultima Online" in the folder you select.

After that, you'd need to install Razor, then run the Patcher.exe from the patcher folder in the new Ultima Online folder and it should let you patch a few more files, mostly statics, up to current.

Oh, apparently it may sometimes give an error about cliloc errors or not finding them. http://in-uo.net/download/fixes/cliloc_fix.zip
If it gives you that error when starting Razor and it's not detecting the client location in the patcher, you can download the zip file above, right-click one of the .bat files, then edit it following the format to show your default installation directory.
I'm going to add this option to the patcher soon since I just realized it was actually a problem recently.

Also do you guys update the pre-patched static files in the package itself? Would be cool if there was a way to have any updates that are done on the static files that are uploaded also be updated in the package itself for new users and just currently players requiring to patch instead of new players . Just something that came to mind