This is likely the expected behavior. SC126 uses the DS1233 CPU supervisor circuit, that has a 1nF capacitor on the /RESET signal. It would take a bit of time to charge that capacitor through the internal pull-up resistor in DS1233.
Ideally, in such a case, the devices that use /RESET should have a Schmitt trigger / hysteresis RESET inputs. Or even better include a Schmitt trigger (e.g. a pair of 74HCT14 gates) on the output of CPU supervisor (the CPU supervisor usefulness is questionable in this case... a simple RC will do).
It is not clear if Z8S180 has a hysteresis on the /RESET. The manual suggests that RESET fall/rise time should be 50 ms maximum. Check if your readings are within this spec.
In SC126, /RESET also goes to two 74HCT273 flip-flops. Most likely they will be OK with slowly changing RESET (in the worst case they will read it a series of HIGH/LOW transitions, and reset themselves a few times... shouldn't be any harm).
But more importantly, this /RESET also goes to the RC2014 bus. So you'd need to check your RC2014 cards for their /RESET specifications.
Thanks,
Sergey