The SMTLib2 directive (get-info all-statistics)
displays several numbers, e.g.
num. conflicts: 4
num. propagations: 0 (binary: 0)
num. qa. inst
Number of quantifier instantiations is a good measure for checking whether your axiomatisation is producing too many instances or not. You can also use QI_PROFILE=true. It will produce statistics for each quantifier. You can use the attribute :qid to give a name to a quantifier. You may also use DEFAULT_QID=true, and Z3 will produce a name based on line numbers. QI_PROFILE_FREQ= will display the statistics after every instances are generated. These options are useful for detecting instantiations loops.
"num. conflicts" is useful for estimating the size of the search space traversed by Z3. We may say an axiomatisation is "better" if the size of the search space is smaller.
Cheers, Leo