It does not have a subwoofer output but it does have an excellent phono stage.
If you plan to use the subwoofer output of the WiiM Ultra then you
must set it up and use it with the HR-752 set to one fixed volume setting and
never change that. Changing the volume on the HR-752 would upset the level balance between mains and sub. Trying to control the volume from both devices would be calling for trouble, indeed.
Also note, that all the sources connected to the HR-752 and fed into the Ultra's analogue input will be digitised, processed (volume, EQ, room correction) and then be converted to analogue again to feed line output. The signal will always pass the Ultra's ADC and DAC. I'm not saying that this is a problem, just be aware of this fact.
Using one of the tape outputs instead of the pre output would make sure that only the Ultra has control over the volume setting. You'd have to check if the output voltage of the tape output is high enough to not introduce additional noise. The dubbing button would have to remain in the Source position to be able to play back Phono, CD, Video and Aux.
Alternatively you could even fully connect the Ultra like a tape, but I don't see no real advantage in this case.
The output volume of the WiiM Ultra should be set to match the input sensitivity of the HR-752's main input.
I hope my brain didn't mess it all up at this early time of the day ...