if you want maximum top speed and acceleration go for P220 ..

If you want a best touring machine go for existing ZMA -R ..
it is a very comfortable , relaxed and reliable machine for touring
If you are in to touring you will never regret on selecting ZMA-R even after two or three years.. please keep in mind ZMR-R is having a very good acceleration and top speed that can satisfy your quest but if you are comparing with p 220 it is less powerfull.

If you can shell out some more money then Try new ZMR ..
Most probably it will be the best tourer among the bikes < 1 lakh ..

Thanks for the guidance guys...

Test ride all the machines before finalizing...sitting posture in every bike varies and you must feel comfortable and confident while riding. Choose from p220 and ZMR...both are the best tourers. IMO, R15's sporty style doesn't make it an ideal touring vehicle.