I use CleanMyMac, and I did suspect that - but it doesn't delete large files unless you tell it to. I work for IBM, and we can't use iCloud for anything on the workstation - I mean, not for backup.  I can look at my iCloud, but not run any utilities.

Anyway, the odd point still remains: in Finder I can see the VM, and it is not greyed out, but in the Finder window that pops up when I try to import a VM, it IS greyed out - so I can't access it.

Now, I went to my MSDN site, and downloaded some fresh ISOs, and was able to create a new VM.  So there is something with my /restore directory that is not working - now.  As I wrote, when I initially migrated to this new Mac, I used the very same VM from /restore.  Fusion asked me the typical - Did you move it, or copy it? Anyway, it was successfully registered and worked.