As for malware that would be unzipped when using an external zip file; first you would need to trigger the zip bomb on defender but not the external tool, and second defender will still scan the individual files getting unziped by that tool.
The other possibility I see harks back to algorithms - build a DAG from the archive's interfile dependencies and run an iterative deepening search through the structure against some heuristic checking for malicious design.
I've never gotten into anything security related (other than reading Schneier's blog) but the cat and mouse game is fascinating.
I wonder how Windows Defender would treat something that looked like a self-extracting archive? Perhaps the archive portion could be this zip bomb affair, but the executable portion had a small change in it to bypass that and do something else nefarious instead, eg hand execution control to a point later in the file.