I finally got around to watching this yesterday. I'm sorry to say that this movie is a laughable sequel to the first one also starring Bandaras and Jones. It would be hard to convince me that the same director was involved with both projects if I hadn't read it in the credits for myself.
Zorro 'never kills anyone' with his sword. He smacks them on the backside, slaps them on the face, or flips them on their butts. This doesn't stop the villains from killing folks; they have a field day while Bandaras is more concerned about waving to the cheering crowds than saving his friends.
The hired henchman is within Zorro's killing field from the very first scenes right through the movie. However, for some mystical reason not (revealed by the film makers), Zorro lets him and his friends escape each time, until Jones finally puts him down near the end.
Constant bickering between Bandaras and Jones throughout the flick, and Zorro's playful heroic non lethal fighting style, ruin this potentially good film.
1&1/2 stars out of 4, for the great performance by 'Tornado' (the horse), or it would be a complete flop.