That looks like the ubiquitous "grey box" re-branded by a whole slew of companies, with which many have encountered difficulty using a variety of gear. For testing bit-accuracy, do something like the following:
- run an analog source into your UA5
- output via both coax and optical: optical > recorder-1 and coax > grey box > recorder-2
- trim the resulting files from recorder-1 and -2 to the same starting and ending sample
- use a WAV compare utility (like EAC) to determine if all samples match
You could also simply take a WAV file, play it back coax-out via a known-bit-perfect soundcard, through the grey box, to an optical recorder, and then compare the recorded file v. the original WAV on your PC. BUT, it seems many of these digital format converters (DFCs) are device-dependent and work in some situations and not others. Hence my recommendation above to perform the testing with the gear you plan on using in the field (i.e. UA5).
All that said, it sounds like you're having trouble running UA5 > optical > recorder:
and it [DFC] sounds better than the straight optical cable did as there are no pops in this one.
I'm assuming you've encountered pops running UA5 optical > JB3. If you're encountering problems with this setup (or some variation thereof), there's a problem somewhere in the chain: with your digi-modded UA5, optical cable, recorder, etc. IMO, using the DFC is not addressing the root cause of the problems you're experiencing, it's merely side-stepping around the problem. When encountering problems of any kind, it's best to first completely understand the root causes of the problems before identifying a solution and/or workaround.
If I were you, I'd
first and foremost identify and resolve the problems running UA5 > optical > recorder. Only then do we know whether the DFC is an appropriate solution. For the UA5 > JB3 combo, the only real reason for a DFC, IMO, is as an additional, auxiliary optical ouput for patchers or a secondary recording device. And personally, I'd really only consider the Hosa ODL-276 or -312 as they're proven so reliable.