In J.J. Sakurai's Modern Quantum Mechanics, he introduces the concept of 'Unitary Equivalent Observables'.
If $|a^{'}\rangle$ and $|b^{'}\rangle$ are the orthonormal bases eigenkets of two non-commuting hermitian operators connected by the unitary operator $\hat{U}$ ($|b^{'}\rangle = \hat{U}|a^{'}\rangle$), we can construct a unitary transform of $\hat{A}$ as $\hat{U}\hat{A}\hat{U^{\dagger}}$ such that $$\hat{A}|a^{'}\rangle=a^{'}|a^{'}\rangle$$ and $$\hat{U}\hat{A}\hat{U^{\dagger}}|b^{'}\rangle=a^{'}|b^{'}\rangle.$$
However, the $|b^{'}\rangle$ satisfy: $$\hat{B}|b^{'}\rangle=b^{'}|b^{'}\rangle.$$
So, $\hat{B}$ and $\hat{U}\hat{A}\hat{U^{\dagger}}$ are simultaneously diagonalizable.
My question is this. Are $\hat{B}$ and $\hat{U}\hat{A}\hat{U^{\dagger}}$ the same operators? Sakurai's own example using the spin operators $\hat{S_{x}}$ and $\hat{S_{z}}$ suggests so. Is there an example where they aren't?
Also, what exactly does $\hat{U}\hat{A}\hat{U^{\dagger}}$ signify? As in, $\hat{U}\hat{A}\hat{U^{\dagger}}$ is the expression we'd get if we knew $\hat{A}$ and $\hat{U}$ in the $|b^{'}\rangle$ basis and wanted to know its matrix elements in the $|a^{'}\rangle$ basis.
$$\langle a^{'}|\hat{A}|a^{''}\rangle = \langle a^{'}|\hat{U^{\dagger}}\hat{U}\hat{A}\hat{U^{\dagger}}\hat{U}|a^{''}\rangle = \langle b^{'}|\hat{U}\hat{A}\hat{U^{\dagger}}|b^{''}\rangle$$
How does that expression then give us an eigenvalue equation with $|b^{'}\rangle$? I think I'm missing something obvious here.