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Make syrup: Combine all ingredients in heavy medium saucepan.
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Stir over medium-low heat until sugar dissolves.
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Increase heat and boil 1 minute. Cool.
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Make cake: Preheat oven to 350°F
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Oil 13 x 9 x 2-inch metal baking pan.
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Finely grind almonds and 1/2 cup sugar in processor; transfer to medium bowl.
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Whisk in matzo cake meal, matzo meal, cinnamon and allspice.
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Using electric mixer, beat eggs and remaining 1 1/2 cups sugar in large bowl until very thick and pale in color, about 10 minutes.
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Beat in oil and lemon peel.
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Fold in almond mixture.
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Transfer batter to prepared pan.
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Bake cake until tester inserted into center comes out clean, about 45 minutes.
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Cut hot cake into 32 squares; leave in pan.
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Drizzle cooled syrup over.
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Let stand until syrup is absorbed, at least 30 minutes.
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Serve warm or at room temperature. (Can be made 2 days ahead.
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Cool, cover and store at room temperature.).