I got onto chat support with Caldigit yesterday. Followed the attached procedure, and im happy to say since I did this, the machine has not crashed on sleep once. Ill come back if it the issue returns, but I can recommend following the procedure in the below transcript. Ill mark this as solved for now.
Chat started on 16 Apr 2020, 10:57 PM (GMT+0)
(10:57:20)*** Patrick Brown joined the chat ***(10:57:21)Patrick Brown: TS3 dock mabook pro crashes when sleep(10:57:33)*** Kevin (US) joined the chat ***
(10:57:41)Kevin (US): Hi Patrick(
10:57:51)Kevin (US): Sorry to hear you're experiencing this issue
(10:58:08)Kevin (US): May I confirm that you're using the included CalDigit Thunderbolt 3 cable to connect the dock to your computer?
(10:58:13)Patrick Brown: Yep
(10:58:19)Kevin (US): Thanks for that information
(10:58:27)Patrick Brown: Brand new MacBook Pro 16 inch and ts3 bought from Apple
(10:58:33)Kevin (US): Understood
(10:58:42)Patrick Brown: Im running the latest firmware it arrived with 44.1
(10:58:47)Kevin (US): Got it
(10:58:57)Kevin (US): Alright there are a couple of troubleshooting steps we can try
(10:59:09)Patrick Brown: ok
(10:59:11)Kevin (US): Are you on the computer now with the TS3 Plus dock connected to the computer?
(10:59:17)Patrick Brown: yep
(10:59:19)Kevin (US): Perfect
(10:59:28)Kevin (US): Would you please open the Terminal application?
(10:59:36)Patrick Brown: sure one moment
(10:59:51)Patrick Brown: ok its open
(10:59:57)Kevin (US): ok
(11:00:01)Kevin (US): please type the following command
(11:00:07)Kevin (US): sudo nvram -c
(11:00:13)Kevin (US): You should then be asked for your password
(11:00:22)Kevin (US): Type that in and press enter when done
(11:00:41)Kevin (US): If done correctly, you should be brought down to the next command line down, is that the case?(11:01:16)Patrick Brown: ok that's done
(11:01:22)Kevin (US): Great
(11:01:38)Patrick Brown: yep it dropped to the next line
(11:01:44)Kevin (US): To complete the process, you will need to shut down the computer, but while the computer is shut down, I suggest resetting the SMC on the computer as well
(11:01:55)Kevin (US): You can find how to do this by referring to the following Apple support article
(11:01:56)Kevin (US): https://support.apple.com/en-us/HT201295