I think the best online Zone mode would be more of a rally race set up. Once you start putting other players and ramming it would ruin the concept of Zone. Would just be a bright colored eliminator mode.
Doing a rally type thing where you are all playing online in the same track, on the right side of your screen you would have the list of racers, and next to there name what zone they are in. On track all other racers would be a ghosts, so you could see them, but you can't interact with them by ruining there lap. Having the zone listings would tell you how people are doing and making each ghost a different color would be a instant visual queue who is what and what Zone they are on since there ghost color could match there name. For a player that does a perfect lap make there name pulsate with a glow for a few seconds after they finish the lap.