I still don't think it was as good as ad malz before damage wise. if you had 500 ad the minions would only get 200 damage, which is still a lot, but if you get 300 ad ( a number that is more likely to get in the game) they would do 120 damage...a nerf. Yes they are easier to get out so that should be taken into consideration as well, but they do less damage individually.
before they did 100% of your bonus ad, scaling up to 150% of your bonus ad...so if you had 500 ad (at lv 18) they would do 394 damage...scaling up to 591...
As i see it it is still a nerf. Yes you can get them out easier, but they don't do as much damage, thus 3 minions (old version) vs 3 minions new the old ones win...
And about the ap ratios i thought it was higher. Watching on youtube, even a fed (9-1-3) ad malz doesn't do anything (lost to a 3-4-0 annie...yes malz did ult and had 3 minions out). (could have just been outplayed by a better ranked person since pbe doesn't have ranked but still)
As of right now i don't see a reason to play ad maz over ap...it takes too long to get enough ad to actually do anything. before you would be fine after 2 items..now i don't think thats the case.