Yes, UltraTap would be a good choice for this.
- Start with the UltraSwell preset
- Turn taps down to 1
- Turn slurs down to 0
- Adjust the swell and rise parameters to taste
- Turn the mix down, add feedback, adjust other parameters to taste etc.
This should give you a basic delay sound where the repeats have a swell effect. Once you get something you like, try playing with taps, slum, taper, spread for lots of interesting variations on the effect.
https://cdn.eventideaudio.com/manuals/h90/1.8.5/content/algorithms/delay.html#ultratap
