PT2399 max current draw is about 40mA. If there was no Zener and you have a 9V supply, you'd have to drop 4V across the series resistor to supply 5V to the PT2399. R=V/I, so R = 4/0.04, or 100 Ohms. I'd go a bit lower, maybe 82 ohms, to have a bit of a margin if the 9V supply dips a bit. Use a...