But the main reason we settled on Brotli was the second order context modeling, which makes a substantial difference in the final size of files stored on Dropbox (several percent on average as I recall, with some files getting much, much smaller). And for the storage of files, especially cold files, every percent improvement imparts a cost savings.
Also, widespread in-browser support of Brotli makes it possible for us to serve the dropbox files directly to browsers in the future (especially since they are concatenatable). Zstd browser support isn't at the same level today.