What happens when we move a comp-3 field to an edited ( say z(9).zz-)

The editing characters are to be used with data items with usage clause as display, which is the default. When you try displaying a data item with usage as computational it does not give the desired display format because the data item is stored as packed decimal. So if u want this particular data item to be edited u have to move it into a data item whose usage is display and then have that particular data item edited in the format desired.