I haven't personally driven a ZR1, but the "main" difference is that the ZR1 doesn't have an overdrive, it's all pull, all the time.
Actually, the biggest difference with the ZR1 box for an FI car is that it has a very tall first gear: 2.29 vs. 2.66 in the standard MN6 (vs 2.97 in the MN12). The idea is to help it hook up. The ODs are lower as well, so no, for you Rich, I guess this one wouldn't be a good choice.
Ratio comparison:
MN12 (C5Z/Z51)
2.97 2.07 1.43 1:00 0.84 0.56
MN6 (std 6spd)
2.66 1.78 1.3 1:00 0.74 0.5
ZR1
2.29 1.61 1.21 1:00 0.81 0.67
Looking at it another way, here are the percent drops between gears:
MN12
30.3% 30.9% 30.1% 16.0% 33.3%
MN6
33.1% 27.0% 23.1% 26.0% 32.4%
ZR1
29.7% 24.8% 17.4% 19.0% 17.3%
You can see that the "point" of the MN12 was not to give "more gear", as commonly supposed, but to give almost exactly even drops between gears for those doing autox/HPDE. That makes downshifting on-course much easier for non-expert drivers.
The MN6 has a "standard" spread from 1-4, making it the best for drag racing (given a proper rear gear ratio).
The ZR1 gearset looks like it's basically a "Nurburgring" set. It has tall lower gears to keep wheelspin down, and then upper gears pretty evenly spaced for when you're going really, really fast. The ZR1 gearset is clearly for a high-powered car; it "throws away" torque multiplication in 1-3, assuming you'll have enough. 5-6 are now "running" gears, not gas-mileage overdrives. I like both ideas, so that's the one for me (when I can).
As to my car, the engine has been done for a long time, but there's quite a bit of detail work to be done to the car. The old saying is that the last 10% takes half the time, and that seems to have applied in my case. The good news is, we're probably at 95%, so we're gettin' there.