Hi @Rick Penrose welcome to the Wave. I find that working through the UltraWave a module at a time is the best way for me to get my grok on. I actually use both the PC and phone version, Android in my case, and the manual & lexicon in my learning process taking it a step at a time. I have both the manual and the lexicon saved to my devices for reference. I have also saved all of the various review and demo videos to my YouTube list and have watched them, studied some as they all have something to offer. As I learn each effect section I play with the controls and sounds to familiarize my hands and ears to the actions and how best to get what I want from them. Some sections are pretty straight forward like the EQ section, that is very useful - but most take me a bit more time to come to grips with, some are still on my list to learn and explore. I also explore sounds on the Neuro Cloud, saved sounds I like and studied how those were created and in some cases tried to make them better fit my own needs. There are many talented and creative users and I have enjoyed seeing, hearing and borrowing their creations.
I'm not a bass comp devotee so can't make a comparison but I have looked for a long time for a comp that offered the features that the Ultrawave offers. The Ultrawave compressor is transparent and responds like a very fine digital compressor which I am used to and prefer over compressor pedals. Compressor pedals all have a personality and performance profile that is why some folk prefer one over others, I find that limiting especially after using digital comps. I also really appreciate the visual display and specific controls that allow me to dial in the response curve wanted for a particular sound. The comp, preamp mixer and EQ alone are worth the price of admission IMHO.