In essence, you want to split the emonVS so that the power to the emonPi comes from the UPS, but the monitor is on the main supply?
What you need is a 5 V supply from the UPS and a couple of diodes feeding power to the emonPi, so that it operates on the higher of the emonVS’s 5 V or the UPS’s 5 V, or probably better, a mains-powered changeover relay to avoid the diode forward drop.
It is probably worth emailing ‘The Shop’, I know there were suggestions of something along these lines - maybe it was a voltage monitor only - but I think it was never progressed.