The inequalities imply
Thus the two metrics induce the same open sets and are equivalent.
The converse fails. On , let
The metrics are equivalent because is a homeomorphism, but
so no positive lower comparison constant exists. This is an equivalent metrics need not be bi-Lipschitz equivalent example.
Equivalent metrics on the codomain also need not give the same uniform convergence. Take , , and use the two metrics above. Define
Then
so uniformly for , whereas
so convergence is not uniform for . This is the equivalent codomain metrics need not preserve uniform convergence phenomenon.