I was able to import the key and successfully encrypt a file with it. It isn't that the ciphers are missing, it is just that there are no preferred ciphers set, so it should still be able to use the standard ciphers and hashes in the version for which it was created (in this case it looks like PGP 9.10). I was originally concerned it might be an old enough version that the ciphers and hashes available might not be supported in newer clients.
Make sure you do the following in PGP Desktop:
Right-click the key and select "Sign...", and sign the key with your key to verify it.
Right-click the key and go to Key Properties. Set the Trust value to Trusted. Make sure the Enabled value is set to Yes.
It should work if you do those things. The key usage is set for all PGP encryption types (NetShare, Disk Encryption, PGP Zip, and PGP Messaging).