Clearly the Zero had a much greater range than the RAF and German fighters which gives it considerable strategic advantages, that no other air force had and shouldn't be forgotten.
True but we seem to be dealing with a time shift (insert sci-fi term).
A 1940 Zero in Europe in 1940 would be in serious trouble.
An Aug 1942 Zero (A6M3) in Aug of 1940 would have some nice advantages.
An Aug 1942 Zero in Europe in Aug of 1942 is back to being in serious trouble.
A6M3 vs Spitfire MK IX? Mustang I? Bf 109G?
The 1940 Zero had a number of problems with handling and strength which were addressed as production went on during late 1940 and1941.
The 327th A6M2 built (Sept 1941) was the one that finally incorporated all the desired changes, although many earlier ones were refitted or fitted with alternative solutions that cost a bit of speed.
Unmodified planes were limited to 250 kts and 5 Gs for a pull out from a dive. Restrictions that would severely handicap such a Zero in Europe in 1940/early 1941.
This is quite apart from any degradation in performance fitting armor or protected tanks might impose.
And please remember that the A6M2 used and engine with a single speed supercharger that was supposed to give 950hp at 13,780ft.
The A6M3 got the engine that gave 1100hp at 9,350ft and 980hp at 19,685ft. While top speed didn't change much, where top speed occurred did. A6M3's ability to fight at over 20,000ft was much enhanced.