But it isYea, well I dont see ZFS worse than any other filesystem in stealing storage for itself.
A Hardware RAID5 with 4 drives will give you exactly 75% storage efficiency.
A ZFS RAIDZ1 with 4 drives will give you between 50% and 75%, depending on padding and pool geometry. Which in return depends on your zvol and dataset settings and what file you plan on saving onto it.
IMHO the problem with let's say 66% storage efficency is (this is what you get with the default 16k blocksize) that it is only 16% more than a mirror and because of that not worth it. Certainly not for VMs. For PBS it might be enough, if you really don't care about backup speeds.