According to Passion for Sound, there is no sonic differences between the Pro Plus and the Ultra on the streamer side. Looking at the specs on the WiiM site supports that statement. If you don’t need the bells and whistles, nor the USB functionality of the Ultra, better to go with the Pro Plus and divert the extra funds elsewhere in your system.
But, as others have commented, I don’t recommend using the internal DAC in any of the WIIM streamers...I only use the Pro Plus as a source and nothing more. Even though the Ultra does have a better DAC, it's not up to par for this group
Also, it does respond nicely to the addition of a LPS. I worked with Jessie at Pine Tree Audio to design a custom dual variable voltage LPS so that I could easily change the voltages as I upgrade my gear. My unit is actually on their web site. It works excellent and greatly improved the sound of my system. It’s currently powering both my Pro Plus as well as my upgraded Geshelli J2S (with Pro SS2590 op amps).
Good luck.