I had the Ultron and sold it for the Biogon. My copy of the Ultron had a slight focus shift. This shift was barely visible when shooting on film, but I noticed it on my M8. The Zeiss is tack sharp throughout the entire range, and I found it "pops" more - which is what I was looking for in that lens. YMMV.
Worth noting that my copy of the Biogon sheds it's black paint very easily, and I have seen others that are extremely "brassed" after only a few years of use. My copy has good smooth focusing action, but I used another one that had "wobble" to the focus ring. So I'd have to say that the Ultron is built as well or better! This may also be a factor when you are deciding.
The Biogon is also difficult to code for a M8/M9 because of the flat mount and position of the screws. I have a coding kit and have to replace the marks after every mounting/unmounting.
All that said, I really like the Biogon. The images are nice and crisp and it's a pleasure to use.