I did a bunch of experiments tonight, and the Benchmark UltraLock is amazing.
My SPDIF source was a Wadia iTransport. I ran the SPDIF to a 75-ohm RCA patch panel, and then into either a Wadia DAC or the Benchmark. Both locked on at 44.1 flawlessly.
Then I patched other units in the middle of the chain. First a Sonifex (pro gear) Redbox SPDIF repeater. I only plugged one thing into it, not multiple. The Benchmark locked on, no problem. The DAC would lock on, then lose it, etc. -- lots of drop outs.
Then I took the Sonifex out, and put in a SPDIF upsampler, the Monarch DIP. This is also supposed to be a jitter-reduction device. Again, Benchmark had no problem. But the Wadia would not sync. I am testing these one-at-a-time, not splitting the signal.
Very impressive performance for the Benchmark. Cable length, jitter injection, etc. are all real-world problems if you have a complex set-up. I am now a huge UltraLock fan!
I came out of the Benchmark balanced in to a Stax 717, and listened with Lambda Sigs, and also Baby Orpheus with a moon-audio adapter. Wonderful wonderful SQ (the iPod in the Wadia iTransport had all uncompressed WAV files).