Motorcraft filters are a fine choice for a Ford product running normal OCIs. Many/most have silicone ADBVs which helps prevent startup noise that some of of their V8s are prone to.
That said, their efficiency is 'only' good (and most likely good enough) since their cellulose media is nothing special. If you want better filtering, a Fram Tough Guard will be 99% as will a Wix and a PureOne. Moving up, Mobil 1 and Distance Plus will have high efficiency and high capacity for longer drains. Any fully synthetic media filer like the Ultra, Puro Boss, Royal Purple, etc. will also be high efficiency and high capacity. But unless you are going for longer OCIs with better oils then they really aren't worth the price.
To answer your question, yes, the Fram Ultra will filter oil better than the Motorcraft. But is it a better choice? That's up to you.