The bug #2 just happened again a moment ago. Ultra and Vibelink both show COAX as output/input, but there is no sound. Other inputs of the Vibelink are not used. Switching the Ultra (!) to Line In and back solves the problem. Yes, I control power of the Vibelink with the app. So I can switch it off without standby time. And perhaps #2 is a bug of the Ultra and not the Vibelink.At least with my Vibe+Ultra, I've never once encountered the same issue you're having.
Are you controlling Vibe's power using the WiiM app? If not, you also have the option to hide Vibe from the WiiM app. By denying the WiiM app's "Nearby Devices" permission, the WiiM app will no longer connect to Vibe via Bluetooth.