2David Graser: I don't understand you. The ram disk disappears when the system is powered down, because power is switched off, and RAM is not refreshed, as Ivan said. This is what happens. Or, do you mean that the .ZIP file does not unzip to ramdisk? BTW, do you use QSINIT, or OS/4 os2ldr? The ram disk works only with QSINIT (or Arca Noae os2ldr, which is a crippled version of QSINIT). OS/4 os2ldr does not create the ram disk, possibly, that's because you lose your ramdisk. So, did you tried QSINIT, and does it change something?
PS: Note that you should disable the OS/4 logo, by adding "NOLOGO" to kernel parameters, or QSINIT will cause system to hang on VESA mode detect. This is unsolved problem, yet.
PPS: The ram disk is in fact created by QSINIT. hd4disk.add only allows this disk to be mounted under OS/2. So, hd4disk.add without QSINIT will not work. Arca Noae loader should work too, instead of QSINIT, theoretically, if you'll boot OS/4 kernel with it. But AFAIK, it does not support choosing multiple kernels from the menu. So, you'd better install QSINIT, instead.