Every suit Tony Stark builds is an answer to the last thing that nearly killed him, which is why there are so many of them.
The marks are not upgrades in the way a phone is an upgrade. Each one fixes a specific failure: the first cannot fly straight, the second freezes at altitude, the third solves that and becomes the shape everyone remembers.
Reading them in order is a decent way to read the character. They get faster to put on, harder to take off, and closer to his body, until the last few are simply part of him. That is either the arc of a man solving a problem or the arc of a man who cannot stop, and the films are careful never to settle it.
Show detailsWhy the numbers jump
Between the ones you see there are dozens you do not. The films establish that he builds constantly and only shows the ones a plot needs, so the run goes III, then XLII, then L, with the gaps standing for years of work happening off screen.
The entries here are the ones that appear and matter. A complete list of every mark is a different document, and a less interesting one.