zs7)  This starts you at the ABSOLUTE beginning of the game (you even get to see the opening FMV sequence).  The main character will be at level 16 with 65,280 gp.

zs8)  This starts you a little later in the game than zs7, but just barely.  You start after the opening sequence, just after the Mana sword has been removed.  The main character hasn't set foot in the town yet, so basically it's at the beginning of the game.  The main character is at level 99 with 9,999,999 gp.  Here are his stats:

999 hp
strength 99
agility 99
constitution 99
intelligence 50
wisdom 75
attack 102
hit% 99
defense 102
evade% 61
magic def 76