Upgrade odh-elyra to version 3.16.3 with image-pull-policy fix

[harshad16]

Upgrade odh-elyra to version 3.16.3 with image-pull-policy fix.

Description

Upgrade odh-elyra to version 3.16.3 with image-pull-policy fix.
Related-to: https://issues.redhat.com/browse/RHOAIENG-5069

How Has This Been Tested?

1. Use the dev image quay.io/harshad16/notebook-dspv2:pull-policy
2. Run the pipeline using DSPv2.

Merge criteria:

• The commits are squashed in a cohesive manner and have meaningful messages.
• Testing instructions have been added in the PR body (for PRs involving changes that are not immediately obvious).
• The developer has manually tested the changes and verified that the changes work

[openshift-ci]

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[harshad16]

merging this to get a ready build.