I beilieve the difference in the xi50 and xi50z is that the z model is a blade model for use in the blade center H chassis, and the xi50 is the standard 1u form factor. The xi52 i think is a hardware refresh, with some more ram, and some additional hardware specs, i think maybe some more local storage. I think there is a model that has more than 4 fastethernet ports, like 10 or something, i'm not sure which model that one is tho, it might be the 52.
As for the load balancing, what type of load balancing are you reffereing to? Have you purchased the AO option feature pack? If so, what type of load balancing, on the frontend or the backend? If the frontend the datapower is capable of 'self-balancing' requests between two or more boxes, you need to set up a standby group on all the devices in the failover group, and create them in the same group, enable 'self-balancing', and then assign them as part of the same vip.
I don't have any hand-on experience with backend load-balancing.