I've bought my 1995 M edition Miata new and will always love it. It's different than my '09 Z. Bought each brand new for weekend/summer cars and both have been totally reliable mechanically. The Miata is light and lively. The Z, by comparison, is heavy. Of course, with the top down, the Miata visibility is perfect---the Z coup visibility is difficult. Sufficient interior room for me in both cars and I didn't by either for trunk (hatch) cargo space. Miata ride is less harsh than the Z. Miata mileage is somewhat better but the car is way less powerful, even with cold air induction and timing adjustment.
Like two kids you might have, they are of different personalities but both beloved for what and who they are. Your priorities will determine which one you buy. I'm fortunate to own both.
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