I have an UltiMak on my SAR-1 , as well as a TDi foreend, and ran into the same problems as chapperjoe. However, with a little elbow grease and a good pocket knife, I was able to whittle away enough of the foreend to get them both to fit.
At first, I put a cheap Chinese reflex sight on the UltiMak. I was able to quickly zero it, put it didn't hold the zero for very long. Within 100 rounds, the zero moved 5 or 6 feet to the right. At 159 rounds, the plastic screen on the sight flew right off the scope. This was completely due to the cheap scope and had nothing to do with the UltiMak.
I have since replaced the NCStar scope with a Trijicon ACOG Reflex and it works wonderfully.
The UltiMak is pricey, but it's worth the money. If you do decide to buy one, get it from
Mako Security. They currently offer a 10% discount to AR15.com members. With the discount, they sell the UltiMak rail cheaper than UltiMak themselves.
Frank