I just bought a zg227 about a month ago and noticed the same thing. You need to press the blade up firmly, and while holding there, take you other hand and get the retention bolt started and run up, but not tight. I think there are three washer-like spacers that must be slighted rotated left and right, and when lined up correctly, you will feel them "fall" into place. apparently at least one, and I am sorry, I just cannot recall if it is one or all, will "seat" upwards. You can then run the bolt up snug and tighten with your tool of choice. If you do not get that "seating" before you tighten the bolt, then the blade will freely move and it shouldn't do that. I will make sense if you go at it with no blade on and slip those spacers/washer onto the spindle and slightly twist them back and forth and see and feel them seat.
I hope that did not cause more confusion! If it would help, I will be glad to bring it into the shop, hoist it, and take some pics. It was different for me to, till I fiddled around a while with it. It will be easy once you get that "seating" feel.
Good luck. If I can help out with pics, just let me know.