I know you said the Zyxel was fine previously then perhaps some setting(s) has been accidently switched on/off? I remember there were tons of settings on the VMG8324 when i used it in bridge mode.
FWIW when i went from HG612 modem to the same Zyxel modem in bridge mode, I noticed many red spikes appearing on my TBB monitor (though not as bad as yours) as well as increased error rates...i went back to the HG612 almost immediately and the errors disappeared. I suggest you try out an alternative modem, such as the ECI or Draytek 130 to rule out the modem. If no luck, then try a different router preferably the Sky supplied router. I have a strong suspicion it might be your hardware at fault despite not having issues before on the same setup.