Take the cross product
$\vec{a}×\vec{b}=0\tag{1}$
Where $|\vec{a}|,$$|\vec{b}|$$≠0$ and the angle between $\vec{a}$ and $\vec{b}$ is $0$
Cross product of two vectors can be used to find the vector normal to those two vectors. For example:
$\vec{x}×\vec{y}= $$|\vec{x}||\vec{y}|\sin\theta\hat{n}$
$\hat{n}$ being normal unit vector to $\vec{x}$ and $\vec{y}$
So, in $(1)$, isn't the answer $0\hat{n}$? $\hat{n}$ being normal to both $\vec{a}$ and $\vec{b}$, i.e., lying in a plane to which both $\vec{a}$ and $\vec{b}$ are normal?
I know that a $\vec{0}$ has an arbitrary direction, but in the eq$(1)$, the $0\hat{n}$ vector has arbitrary direction in one plane. So it's "arbitrariness" is limited to a particular plane.
Is the above argument, that there are different types of zero vectors, correct?
If not, What is the flaw? And What exactly is a zero vector? What are its applications?
There are different ways to see the vectorial product. The first is the one you gave, which is the angle between the two vectors $\vec a$ and $\vec b$. Consider two vectors $\vec u$ and $\vec v$ on the $Oxy$ plane such as $\vec u \times \vec v =: \vec w$:
You see that the more they are parallel, the less is the norm of $\vec w$. You also see that $\vec w$ changes its direction regarding the quadrants of the two vectors $\vec u$ and $\vec v$: this coresponds to the behaviour of $\sin \theta$. So the fact that $\vec w = \vec 0$ only express that $\sin 0 = 0$ here.
A second way to see the vectorial product, is that it shows the normal vector to a plane:
Here, the plane is defined by the vectors $\vec u$ and $\vec v$ linearly independent. $\vec w$ shows the normal direction to the plane, so if $\vec w = (w_x, w_y, w_z)$, the equation of the plane is:
$$w_x x + w_y y + w_z z = 0$$
If $\vec w = 0$, it shows that you have taken two linearly dependent vectors, and that they are simply not enough information to describe the plane. You get $0 = 0$, which is kind of an "error message" showing you need to take a different $\vec v$. So, again, their is nothing "special" about this zero vector.
A last good example is the curl:
It is also defined as a vectorial product and describes the rotating behaviour of a force field. Here, $\vec w = \vec 0$ expresses the fact that the field is laminar, so their is no rotating effect.
To conclude, I don't think we can talk about "different types of zeros" here. For me, the zero solution only expresses a particular case of the studied phenomenon. If I didn't understand something you meant, don't hesitate to point it out.
Note that the second answer to your question confirms my thoughts: