Thanks for the links! I updated my config from z3fold to zsmalloc and adjusted the vm.page-cluster to test these out.

Reading a bit more, I think when using large max_pool_percent (>30) with Zswap the two solutions are more similar than not. A crucial difference is what use-case is more acceptable since Zswap can cause unresponsiveness (and potential lockup) under high memory pressure. While Zram could result in an OOM crash in a similar worst-case scenario.