Well, I too have the Z-search, it arrived about a week ago so I haven't had much time on it yet and obviously like everyone else I'm finding the lighter weight a nice feature of it. I haven't had enough time on it yet to have a real opinion of it performance wise other than just some testing I've done with shotgun pellets and small gold. I'm yet to find any gold with it, which is annoying, certainly not the coils fault as you never know when you'll find some and I know the coil works
It seems well made like my previous NF coils, and obviously has no problems with my milder soils over here and runs nice and quiet similar to the standard ML coil in that regard really. It balances out the ferrite very quickly. I feel a bit sorry for the people that have to run in difficult as the GPZ is such a different detector in normal but then again you've got the bigger gold to make up for that so I'd likely trade places
I do detect quite a lot around power lines around here as a majority of our easy access gold areas are either right near suburbia or have high voltage transmission lines go straight through the areas and when it comes to EMI handling I'm seeing no difference at all to the ML 14x13 coil. In theory I guess there would be a slight difference due to the slightly smaller size but it's not a noticeable difference for me. In saying that I do run my GPZ in normal which does appear to be significantly worse for EMI than difficult so someone in difficult might notice more of a difference? I would not personally choose this coil for detecting in high EMI areas when I have better options for that which run quieter in normal near the EMI.
I think it's slightly better on small targets than the Minelab coil and time will tell but it's a bit difficult for me to compare to the Minelab coil as I rarely use it now, as for the quieter operation some have reported I'm not seeing that either but this is expected, this is likely due to my milder soils so the coils aren't noisy in the first place but I can see that being a beneficial feature for people and one I'd want too so based on others reports it must be quieter than the standard coil in noisy ground.
So far I would say for someone that only has the ML Coil a Z-search I think would be worth getting for the lighter weight alone and slightly better sensitivity, the problem people may face is deciding if it is worth buying when it's similar to the stock coil in every way except the lighter weight. I think NF have been very good as they've always been upfront about the difference with this coil over the standard coil and you've got to give them credit for that even advising people wait for other coils if they're expecting more depth/sensitivity and so on so it's probably worth just holding out to see what else they come out with if it's just going to be later this year.
If I only had the ML 14x13" coil I'd be very happy to have the Z-search and I'd probably never put the stock coil back on again so for someone in that situation it's most certainly worth getting I think, it seems a good coil to me, hopefully I can find some gold with it this week, so far I've been using it without the bungee and been fine with it's weight.