Does this also have the ZOOM or can it be used with the old zoom?
No it don't have the zoom from the EliteWeapons2 mod.
and yeah they both work great together.
But Eliteweapons2 (1.0) is made for game version 1.04
using it with 1.05 will most probably cause game crashes.
I'll drop the updated 1.05 version in dev section for testing real soon.