I know this has been a questioned topic for sometime, but I was looking for a concealment holster for Phantom and was frustrated. Then I did the obvious, at least it should have been from the start. I checked my personal inventory of holsters and to my surprise I have near perfect fitment. I have a new holster for a Sig Sauer 229 Elite Dark. My new Galco holster (1919WC - CON250B) fit it perfectly and there is only 1/2 inch of barrel below leather bottom. Fit is appropriately snug, but draw is still smooth.
The IWB Galco horse hide holster (G719H - USA250) also fit well, but a hair looser than the OWB. Funny, but a small of the back (SOB) by Galco for the 229 did not fit. There was too much leather and sewing and there was no give to the holster.
Here are some pics for anyone interested in solution.
Good to know, I just picked up a phantom last week and I love it.
Lots of info on this topic on the CZ Forum
Great blasters, I love CZs
Here's my Phantom w/ TLR-1s in a Blade Tech holster. It took a little more than 4 weeks to arrive.