I've run a lot of Legacy locos with both a Z4K and ZW-L and a CW-80. I'd pick the Z4K anyday over the CW80. My Z4K would put out exactly 10 amps to the track - any more than that and the breaker would operate and open. But it would hold that 10 amps all the way to 18 volts, at which point if I ramped up the voltage further, it started to struggle against its power limit per circuit, but the amps would only start to fade slightly as/if I upped the voltage more, to, say, 20 volts, at which point I'd get only 9.5 amps or so.
But different power supplies aren't equivalent exactly, as to voltage. The ZW-L, for example, only puts out 18 volts, but it puts it out all the time and chops the power, and it will put out a full 10 amps at full throttle - 180 watts of a tad more. More important, since it chops the power at 18 V at low throttle, for any Legacy loco I have, it runs them as well at high speeds as the Z4K ever did, and slower and much smoother at lower power levels than the Z4K did. it is, for Legacy and Lionel conventional locos, the better choice from the standpoint of low speed control and linearity of throttle.
That said, the Z4K did fine with all my Lionel: postwar, conventional, Legacy, and ran the few TMCC locos I have okay, if not great. The only difference with the ZW-L is that it runs Legacy locos slightly slower, much smoother, than the Z4K.