My favorite tip is to stay in emacs mode, but whenever you have something "complicated" to do, use Ctrl-X Ctrl-E : it opens the current line in $EDITOR.
This is amazing. One of my persistent nuisances had been when and how to transition from command line to script. This makes it smooth!
In zsh you still have the opportunity to inspect it once more when you leave the editor, and it maintains it's multiline format in the history.