Hello Gideon,
I created a memory.bin file on my Ultimate64 Elite-II when I saved a C64 memory image using the Freeze menu.
Unfortunately, I can't restore the C64's save data using the memory.bin file, unlike with the Final Cartridge III+.
I posted about this in the Forum 64:
https://www.forum64.de/index.php?thread/161704-ultimate64-elite-ii-sicherung-und-wiederherstellung-eines-spielstands-vom-freeze/#wcf20