I’ve just received my two new DS-125 strobes 
So I’ve done a few shots with short sync speed with the Z220 and DS-125. My 10D curtain starts to show up at 1/320 already with both strobes. At 1/250 the curtainwasn't visible, no matter which of the two strobes I used (this is just a matter of the partly opened curtain, not the strobe dump speed). However, Z220 brightness seemed to be reduced a little bit stronger at 1/250 compared to 1/200 than the DS-125. This would mean the DS-125 is even faster. Both strobes have been set to full power. But I’ve done just a few quick images with some ambient light. I will have a closer look at this item.
@David,
I understand you stated that your 350D syncs shorter than 1/200 sec when the camera shows an external E-TTL strobe (Ikelite conversion unit) connected??? I would appreciate to have this confirmed. Honestly, from my understanding it sounds unrealistic as Canon DSLRs won’t allow faster speeds than specified. Only if the camera doesn’t know there is a strobe attached or you use a canon land gun with FP mode. But this is certainly not the case when the camera indicates E-TTL operating mode.
@Justin
I wouldn’t be too sad about this. In order to reduce ambient light: how much could you stop down with your Oly 5050? I guess f8 was the smallest aperture? You can go to f22 or even smaller (depends on the lens). When you shoot sunbursts you often need bright strobe light when stopping down. With 1/500 or 1/800 you cut away a lot of strobe light with common strobes @full power. Better stop down the aperture (not just f8 as before).
Julian