Just picked up a Yugo M48 for my brother and had the opportunity to get it out and shoot it yesterday. It took a monumental amount of work to get it disassembled and cleaned properly, however once that was all finished I have a few things to note :
-The quality of the finish and craftsmanship is excellent, I assume due to it being un-issued.
-Excellent balance and handling characteristics
-Looks like it makes a consistent grouping, however adjusting the sights isn't the easiest or most precise exercise
-The action doesn't seem to like dirt or any kind of fouling. It will still function, but the difference when you operate the bolt is very noticeable. I imagine this is due to tight manufacturing tolerances in the Mauser action, and would also be a factor with the VZ24
I can't compare to the Vz24 as I haven't handled one yet, however I'm quite impressed with the M48. I do prefer the turned down bolt handle however, as it allows for slightly faster and easier cycling.