Mr. Bill,
I've seen two uses for the term 'zig-zag transformer', one being a type of secondary used on a transformer in place of the common wye secondary, the other being a type of autotransformer connection. The type of transformer produces a neutral, just like a wye secondary. I believe that the OP is asking about the second type of transformer.
The zig-zag autotransformer connection is used to _derive_ (create) a neutral from the three phases. The most common use is for grounding previously ungrounded delta systems; rather than replacing the supply transformer, a small zig-zag transformer is used to derive the neutral, and then the neutral of the zig-zag is grounded. If the neutral is only being used for grounding and not expected to supply loads during normal operation, a very small transformer can be used to ground a large system.
The _key_ feature is that the neutral created by the zig-zag is not 'separately derived' the way the neutral on a delta-wye transformer is. The zig-zag derived neutral is held in fixed voltage relation to the supply phases.
IMHO using a zig-zag to create a neutral at each building is a clever idea, but probably a bad idea in practise. Because the derived neutral is not 'separately derived', you couldn't bond it to ground. (If you did, it would be very similar to re-bonding a neutral to ground, except that rather than getting current flow on the parallel paths between ground and neutral, you would get some current flowing on the ground conductor, and some getting transformed by the zig-zag.) So you end up with a 'neutral' that is referenced to the phase conductors but _not_ locally referenced to bonded metal. I would expect the neutral-ground voltage to be quite variable and subject to supply faults.
A zig-zag transformer is also probably more difficult to source, although you can create one by using a bank of 3 single phase 1:1 transformers (eg. 120V:120V transformers).
IMHO Grant has the right approach. You end up with a standard, easily understood installation, and you probably reduce voltage drop as well.
-Jon