In my short time it seems:
Man
+When teams are equal or near each other in terms of ath/spd
+seems the best scoring defenses are man.
+not as tiresome as press
+less fouls it seems than press.
-doesn't cause a lot of to's
Press
+when you have an advantage in ath/spd.
+causes many to's allowing more shots
-sometimes can give up to many fouls to uptemo or fastbreak offenses.
-fouls/to's caused seem to vary a bit according to other people.
Zone
+can hide weak defender
+least drain on stamina
-seems to be the weakest of the 3 defenses.
I don't know how well everything is, but I think I got the bare bones of all 3.
Currently when given a choice I run Man, but I have teams running all 3 from inheriting from previous coaches.