My questions is,[/b] Can this all be setup with the Vaillant weather compensation control? i.e. Can the weather compensation be used to control both the radiators and the ufh?
Yes, I think so, but I haven't installed one so you'd need to confirm that with Vaillant before committing money. I believe you'd need the VR61 and VRC430. The system would need two different flow temperatures for the UFH and radiators and so two separate weather compensation curves. I think these are HC1 and HC2 mentioned in the VR61 installation manual.
http://www.vaillant.co.uk/stepone2/data/downloads/4c/43/00/vr-61-installation-guide.pdf
The boiler obviously supplies the radiators directly, which should require the higher flow temperature. The radiators' flow temperature is controlled by modulating the boiler flow temperature, set by the HC1 parameters. When there is a HWS demand from the cylinder, the radiators stop whilst the boiler runs at the higher temperature required. This won't work if you have a big HW demand (B&B or similar), with long demands from the cylinder.
The UFH runs at a lower temperature achieved by a 3-port mixing valve and secondary pump, set by the HC2 parameters.
Check that with Vaillant, confirm which of the 4 hydraulic diagrams is applicable and ask for details of recommended installers in your area.