I'm certainy no expert in this field at all, but the feedback from this forum suggests that WM bags are conservative on their ratings.
If you look at this taken from Cumulus website, surely there is more to a bag's true rating than just the amount of down being used in 2 'similar' bags produced by different manufacturers
'Differential Fill means that the quantity of down in the base is less than the quantity in the top of the sleeping bag. At Cumulus we employ a ratio of top: base = 3:2 (discounting the hood, neck and zip baffles). Hence the base has 40% of the total insulation instead of the 50% it would have if there was no Differential Fill.
The compaction of the base restricts loft and reduces its insulation value so the difference in warmth between 40% and 50% is quite insignificant. On the other hand, having 60% in the top gives a big warmth benefit compared with having 50%, since no compaction means that the extra down traps a fully proportionate extra quantity of air and loft is increased by a fifth'.
As I said, I really am no expert, but given that the WM Ultralite does perform better than it's advertised rating, surely the above paragraph, if it is deemed factual rather than just 'sales talk', might indicate that the Cumulus advertised ratings are possible.
Of course if the WM Ultralite is constructed as above, it sort of swings back to your disbelief and my concerns