The zram code has a lot of upgrade after kernel 3.4, in the codeaurora the code for the MSM89X4 TAG is stopped at 2013-11-20.
The TAG list
But the zram driver has been upgrade much since it has been promoted out of staging. more stable I think. If you can backport that part I think we can get better porformance and gain more stablity while using the zram in the next release.
so far I have tested the zram kernel for several hours now, it looks fine, no reboot or crash issues.