I'm 99% certain the red thinggie is not a MOV but a thermistor. It has markings "Sincera 8R0M", I have removed it from the PCB and at room temperature it has a low resistance of 8 Ohm, when hot (left on heater for a while) i measured it at 80 Ohm's. So..i don't think the R & Z designators are switched because using a "Z" designator for a thermistor would be very odd. I'm certain Z801 is the correct designator for the mystery component.