Seems to be a lot of controversy and confusion around this issue. In all of my research on this topic I have come to understand that there appears to be a consensus that this test seems to have excellent prognostic utility after a RP.
This is a recent study clearly demonstrating this.
Interestingly, ultra sensitive PSA can also predict the likelihood of a high risk BCR ( doubling time < 9 months ) using a PSA cutoff of 0.03 at 2.5 years.( Doubling time measured from 0.1)
So even though recent trials have shown no benefit in starting salvage radiation at PSA levels below the accepted BCR definition of 0.2, there may very well be a sub population of patients with a more aggressive phenotype who may indeed benefit from UPSA testing and earlier intervention.