WILL A TIMEX SINCLAIR 2068 HAVE A PROPER ULA?

What do you mean by that? TS2068 has its own ULA equivalent called TS2000. Generally this chip design was based on the Sinclair's ULA (one of 5C series), but it has different pinout and some additional functionality like Timex specific graphic modes and RGB signals. And yes, Timex SCLD is NTSC compatible.