Don't know if y'all have a solution or not yet, but I found that the best move is to abandon CGminer altogether. Go with BFGminer. I was totally stumped by the library 7.0.0 vice 8.0.0 issue, as well as the bad directory problem. Rather than using the exec I downloaded from Zeus (you'd think a user manual would be more useful), I followed the instructions on another site that explained how to do the same thing on a Zeus Cyclone with BFG. The command below will let you hash on CleverMiner, but you can change that to whatever you like. The username is just your BTC address, and password is literally whatever you like.

bfgminer -S noauto -S zus:all --scrypt -o stratum+tcp://us.clevermining.com:3333 -u YOUR-BTC-ADDRESS -p whatevz

Boom, just like that I was up and mining at 23Mh. Not mind blowing a year after your OP, I know, but still. Hope this helps.