I updated the OP with a new zip today, I have been running those settings for a couple days.
I still see a slight lag in the settings menu once in a while but other than that it's been pretty reliable.
I will continue to play but wanted to give an update that's stable.
I took dtm's advice and brought the size down (that's actually what I had originally but before we set the minfree values and it was using the zRam up with stock values)
I think next I will play with swappiness and the other lines I left in there but commented out for the time being.
Funny thing is that after all that I landed on a zRam implementation that's basically the same as the script we used for normal swap in n00b VI.
I am not 100% zRam has much benefit over swap, seems like a good idea and I like that it's compressed but it's been a little headache LOL