Let the "distance to U" be a function from S into the nonnegative reals. Moving x by δ cannot change the distance to U by more than δ. This is a consequence of the triangular inequality, and it can be used to show the distance function is continuous. In fact it is uniformly continuous; just set δ = ε.
Set δ = ε, and f becomes continuous. In fact it is bicontinuous. Combine this with 1-1 and onto, and f becomes a homeomorphism. The spaces are essentially the same; we are merely relabeling the points.
If δ does not depend on x, but only on ε, then the metrics are uniformly equivalent.
Let h be a strictly increasing continuous function, with h(0) = 0. Furthermore, let h be twice differentiable, with h′′ ≤ 0. Thus h(f) is a valid distance metric. Since h is increasing, it is invertible, so let j be the inverse of h. Use h and j to verify the δ ε test above. Thus f and h(f) are equivalent metrics.
if h′ and j′ are bounded below some constant b, then f and h(f) are uniformly equivalent.
An important example is h(x) = x/(1+x). Note that h′ is positive, and h′′ is negative. Also, h is bounded by 1. Thus any metric space can be turned into a bounded metric space. The entire universe is pulled into an open ball, and the topology, i.e. the open sets, are exactly the same.
Let S be a space with two equivalent metrics f and g. The identity map that carries S onto itself maps open sets to open sets, and is bicontinuous. Thus the identity map is a homeomorphism. If f and g are uniformly equivalent then the identity map is a uniform homeomorphism.