Everything is God
Or God is everything?
These are actually two different ideas. The difference between God portraying as the universe and the universe portraying as God.
My problem here is the use of the term "God," with a capital G, which denotes different things to different people, and to me is an abstraction of reality, as it implies a universal monotheistic deity, which could be immanent or transcendent, or both--and I just don't do that anymore, as it's simply beyond my comprehension.
And then, I don't get your distinction between "God portraying as the universe and the universe portraying as God."
Replacing the troublesome word with one that is much more acceptable to me gives:
Everything is spirits; spirits is everything, which to your form would be "spirits portraying as the universe," versus "the universe portraying as spirits." I still don't get what you're asking.
Sorry.
To me, Spirits are immanent in everything; everything (and I do mean everything) is/has spirit--and all of them together are the universe, but that doesn't necessarily entail (although it is one possibility, one that cannot be proven or tested) that all are one entity, or that they "add up" to something larger and coherent, such as God.