Yeah, the settings for Ultratrac are in the settings for each activity. So, open Hike and then press and hold the middle button on the left side to open the settings. Then click on Hike Settings. Scroll all the way down to GPS and then choose Ultratrac.
Here's how I have my face setup for daily use. It's kinda "busy" you get used to it. Has just about all the info that I think you'd need. My graph at the bottom currently shows activity/steps (and the lack there of) but you can change it to monitor other stuff like temperature, pressure or elevation. One thing to remember, the elevation data can be a bit funky since it functions off of pressure changes.