I would be in the opinion that the 1ZM2 does not have major improvement over the 1AM2 but of rather offering a slightly different sound signature.
Comparing them on Direct source mode:
1AM2 has it's emphasis on the attack of the transient, and less decay/lingering of the tone.
1ZM2 has lesser emphasis on the attack of the transient and more decay/lingering of tone.
1ZM2 has a overall thicker bass sound over the punching bass sounding 1AM2.
I would think the 1AM2 has tuning that works better for music that has faster tempo/beats while 1ZM2 works better on music that focuses on refinement/smoothness of the sound. But again both will still sound great on all music, just the tuning side of it.
1ZM2:
Pros:
More refined smooth sound with more lingering/decay of tone, more weightier bass
Cons:
Slightly less attack/sharpness on the transient, more expensive
1AM2:
Pros:
Sharper transients, crispier, better engagement. Punchier bass Most value for $
Cons:
Less soundstaging elements(decay, echo), more long term digital glare/fatigue, more revealing of bad recordings & noise artifacts