Yes, the Z tools are service tools, and they are fairly well documented. In a Ford service bulletin for September of 1927 there is a listing of Fordson service tools, among them is a list of brace wrenches: 5Z-1531 -D1 through D7 (I imagine that the lone D and the DET are the same designation). There is no designation for what these wrenches are specifically for so they must just be general pourpose.
I have a 5Z-1531 DET 4 and a 5Z-1531 DET 7 in my collection.
"Z" tools were made for use on the Model T, the Model A, Fordson tractors, and Lincolns. (I have eight "Z" tools that were used solely on the Lincolns).
"Z" tools were made by many different manufacturers. (I have several examples of three different manufacturers making the same "Z" tool.)
In the late 30's Manzel started making service tools for Ford with a different numbering system.