I found it (syncing) to be finicky at first but then discovered that if, when I'm done reading on one device, i close out of moon+ totally, then the other device offers the latest reading location when I open the book in moon+ there. I don't recall if that behavior, closing the app, is listed as required in the manual but it seems to have solved the issue for me handily.
I'm also very happy with the dropbox part of the story, as it keeps me from having to load the same set of books from calibre to both devices... now if I start a new book I can just go to dropbox and get it if/when I want to start reading that book on my tablet. other than that first time, I never have to look at dropbox.
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