If your scope is over the receiver and you're getting dings from brass, you either have a pre-Ranch model rifle, or there's something fucky with your ejection and it needs looked at, because all of the Ranch Rifles (And the later NRA/Tactical ones too) had the ejection angle tuned specifically not to do that. Pre-Ranch rifles would surely beat a scope to death, however. That was part of the Ranch Rifle (187+) series upgrades from the earlier 180x series rifles.
I had a Milled DMS-1 in the stock Ruger rings on my Mini for about 1800 rounds, and it not once ever took a hit from ejecting brass.
Anyway, back to OP's question, while I didn't have an Ultimak on my Mini, I have handled several that have had them on there, and I'm a HUGE fan of them when they're combined with a MRDS sight. On the shorter NRA/Tac models, it doesn't mess the balance up much, although on a 18" Ranch you'll probably notice it a bit more. Keeping your forward-mounted optic light is a big thing here.