Output power is controlled by the size of the transformer used as an input source. MTH Z-1000 brick is 100W, the Lionel Power House is 180W, the 1033 is 90W. The Z-1000 controller face just does the electronic modification to allow 0 to X Volts output based on your input source.
You do have to worry about the controller rating, A Z-500 uses a 50W input, you would not want to try using a 180W input on that, because at max power you would overload the internal components of the controller.
The newer controller from MTH is the same whether 750 or 1000, but these controllers have been available a long time and early Z-750 are rated for 75W. Not 100W.
These controllers do put out a modified sine wave. Not pure like a mechanical PW 1033.
If you go with an old Lionel PW transformer your circuit breaker is an older timed thermal meant to protect the transformer windings. SO as stated above it is best to add a better electronic circuit breaker that will not only protect the transformer, but trip fast enough to limit or prevent any over current damage to a layout/trains if a derailment occurs. G