The UWL-04 is designed for compact cameras with 28mm focal length, UW photo stores also suggest it can be used on an RX-100 size sensor (1"sensor) but there is no mention of it for m43. It is likely a bit of a stretch to use it on m43 as it was originally designed with small sensor compacts in mind.
Vignetting is totally dependent on the housing/port you are using it with. The lens must be a close fit and be quite close to the port glass to avoid vignetting.
Finding reviews of wet lenses especially with decent sized test shots is rather difficult, there are not many posted. This website has quite a few large test shots (1920 x 1080 pixles) from wet lenses. They are mostly on 1"sensor cameras (RX100 size) but a few are shot with APS_C size Sony A6500. IF you get good reults on APS-C it will likely be better with micro43. All the images have EXIF data embedded so you can see what focal length they were shot at.
https://www.housingcamera.com/blog/product-reviews/the-ultimate-wet-lens-sample-post
I expect the UWL-04 would be very similar to the Kraken KRL-2 - specs are close but not identical,