The P4K doesn't really have "better codec options" at this point unless you mean braw - and that will probably be less of a competitive advantage when ZCam release the first version of their raw implementation sometime this month. Otherwise, the ZCam has ProRes HQ at up to 4kp30 and ProRes 422 at up to 4kp60 as well as h.265 with decent bitrate. If you tested months ago, the quality of 4kp120 has improved since then - they upped the bitrate on it a bit. In the next release, they are upping it more (I think to 500 megabits/second).
And you're very likely right about the A73 sensor - or something similar to it. In general, if you check the features of a Z-Cam vs a list of modern Sony sensors, you'll find that they align really nicely. It's why people keep asking about 4kp120 in the bigger sensor cameras and getting turned down. None of the bigger Sony sensors support it.
The BMPCC4K is a great camera and a fantastic value, no doubt about it, but the E2 is also excellent and I'm glad I bought it over the BM. I love that I can rig it on a big heavy shoulder rig with huge EF lenses and F-970/V-mount batteries for long life... or I can throw on a tiny Micro 4/3 prime like the Panasonic 14/2.5 or 20/1.7 and put in an F550-type battery and have a super tiny light camera.
The lack of a built-in screen is mitigated very nicely by being able to wire in my phone as a screen which I very much prefer to using wifi - it gives me an excellent 5" or so low-latency screen with a built-in battery. Not bad.