Everyone is assuming that infinitely rising levels of power makes one superior to beings like the Ultimate Gods, but that's just simply not the case. For instance, Hypnos (A mid tiered 1-A who was faaaaar above the Great Old Ones) who was also an Elder God (You guys mean the Outer Gods, not the Elders) was quite confident in his ability to conquer all of existence, as referenced here:
Our discourse was unholy, and always hideously ambitious-no god or daemon could have aspired to discoveries and conquest like those which we planned in whispers. I shiver as I speak of them, and dare not be explicit; though I will say that my friend once wrote on paper a wish which he dared not utter with his tongue, and which made me burn the paper and look affrightedly out of the window at the spangled night sky. I will hint-only hint- that he had designs which involved the rulership of the visible universe and more; designs whereby the earth and the stars would move at his command, and the destinies of all living things be his. I affirm-I swear-that I had no share in these extreme aspirations. Anything my friend may have said or written to the contrary must be erroneous, for I am no man of strength to risk the unmentionable spheres by which alone one might achieve success.
There was a night when winds from unknown spaces whirled us irresistibly into limitless vacua beyond all thought and entity. Perceptions of the most maddeningly untransmissible sort thronged upon us; perceptions of infinity which at the time convulsed us with joy, yet which are now partly lost to my memory and partly incapable of presentation to others. Viscous obstacles were clawed through in rapid succession, and at length I felt that we had been borne to realms of greater remoteness than any we had previously known.
My friend was vastly in advance as we plunged into this awesome ocean of virgin aether, and I could see the sinister exultation on his floating, luminous, too-youthful memory-face. Suddenly that face became dim and quickly disappeared, and in a brief space I found myself projected against an obstacle which I could not penetrate. It was like the others, yet incalculably denser; a sticky clammy mass, if such terms can be applied to analogous qualities in a non-material sphere.
When compared to Hypnos, the beings beyond the first gate were inconceivable and incomprehensible. He was so deathly afraid of them that he deemed never to go into Outerversal realms again. It eventually drew him in to limitless insanity, which implies that the things beyond the first gate were beyond all concepts to a level that cannot even be thought of, as his friend was unable to understand the things which were behind it, even when shown them at the end.
Compared to the beings beyond the first Gate, the beings beyond the Second Gate are immeasurably more infinite than those beyond the first, and the beings beyond the first are immeasurably more infinite than beings who can conquer all of existence, including infinite levels of Outerversal space. The Ultimate Gods transcend the basic gods beyond the Second Gate, and Nyar's true form is equal or relative to them, as even a weaker avatar of his was able to go directly up to the true Azathoth and hit him on the head in contempt.
That being said, I think that infinitely rising levels don't really compare to two beyond immeasurable, inaccessible (like the cardinal) realms stacked on top of one another like whole different plateaus, when basic Outerversal space already has infinite levels.
I'm not trying to spite Masadaverse here. There is no doubt that it's an insanely powerful verse, and I myself think that its mythos is rich and I don't mind its story at all, so...