As a Zac main, this rework put Zac in a really terrible spot for balance as they gave Zac unbelievably potent CC for coordinated teams (hence Zac being perma banned in professional play). Reducing his damage any more (and they reduced it a ton when they reworked his ultimate) would risk making Zac 100% reliant on his team for impact. As it is, it really feels like Zac is only strong if he has a fed team to follow up on his CC.
I think a smarter move would be to revert his ultimate. It would weaken his most potent form of CC while also bringing back some of his dueling potential and damage. It would make Zac less potent in team play, while giving him some capability to influence fights by his damage instead of his CC.