High resolution measurements of superfluid density ρs(T ) and broadband quasiparticle conductivity σ1(Ω) have been used to probe the low energy excitation spectrum of nodal quasiparticles in underdoped YBa2Cu3O6+y. Penetration depth λ(T ) is measured to temperatures as low as 0.05 K. σ1(Ω) is measured from 0.1 to 20 GHz and is a direct probe of zero-energy quasiparticles. The data are compared with predictions for a number of theoretical scenarios that compete with or otherwise modify pure d x 2 −y 2 superconductivity, in particular commensurate and incommensurate spin and charge density waves; d x 2 −y 2 + is and d x 2 −y 2 + idxy superconductivity; circulating current phases; and the BCS-BEC crossover. We conclude that the data are consistent with a pure d x 2 −y 2 state in the presence of a small amount of strong scattering disorder, and are able to rule out most candidate competing states either completely, or to a level set by the energy scale of the disorder, T d ∼ 4 K. Commensurate spin and charge density orders, however, are not expected to alter the nodal spectrum and therefore cannot be excluded.