I have also noticed this, and the lack of comment by other users or the development team. I really don't know what the issue is, but there is definately a quicker drain on the battery than on Cacko QT.
I can leave my Z plugged into the mains for 8 or more hours, the charge light stays on (it never goes off with pdaXrom) and then when unplugged the power shows up as 70-80%, this drops another 10% within a few minutes, one hour of music playing (OGG) and the power drops to 40-50%.
In order to prove to myself that my Z is not dying, I flashed the QT ROM back on, the charge light works and the battery life is far better. So it's not my machine, it's something in the way pdaXrom works, my only concern with this is that my longer term plans involve getting a microdrive, I shudder to think how quick the power will drain then!
Maybe one of the pdaXrom team can elaborate for us?
(BTW, nice work)