Hello Chad and crew,
I've read similar reports regarding this apparent incompatibility that appears to be still unresolved, so thought it wise to add my experience.
I purchased my ASI120MM mini (mono) back in August 2018. It will connect to and display images in SharpCap without problem, both 8-bit and 16-bit, using both ZWO native driver and ASCOM driver.
Yet in PhD2, 8-bit works ok via both drivers, but 16-bit does not work using either driver.
Confirmed in both the latest PhD2 V2.6.6 and the previous developer release.
ASCOM V6.4
ZWO camera driver 3.0.0.5
PhD2 return a "Lost connection to camera" error when looping images. It connects to the camera in the equipment manager dialogue ok.
My equipment is ASI120mm->ASI1600MM hub -> USB3 hub-> USB2 input to PC.
If I remember correctly I had the same problem using USB3 to a different PC.
I am not sure what firmware is in the camera.
I'm happy for you to remote in to my computer (Windows 7).
Cheers,
Ross