From a quality standpoint, the two are probably a match, though I think SP's QC has dropped a bit.
You can tune both to breathe very similarly, though I think the machines might give a slight edge to the Z2.
But apart from the perennial piston vs diaphragm argument, you have the factor of environmental sealing.
I am adamant about environmental sealing, not for cold water, but for regulator longevity. That's why I won't dive a Mk25. It's just a PITA to take the time to do a thorough flush after every dive, especially on a liveaboard trip with limited fresh water. If you don't, crystallized salt or grit stuck in the piston land will begin to eat away at your chrome.
So if you buy a Z2, I'd pay to seal it. Your shop tech will hate you because it's a PITA to fill with lube. But it's then effortless to care for and delivers huge gas flow. A great reg!
A Mk11 isn't sealed, but the internals are dry, and taking a hose to any diaphragm reg is easy. The only thing you're rinsing is the visible opening for the mainspring.
So for me, the Mk11 is cheaper after you count the expense of sealing the Z2. The Z2 second stage will stay in time longer than the S560 with its seat-saver feature.
So the two are a match, unless you don't seal the Z2. If you take it as is, IMO the edge goes to the Mk11/S560.