I think one of the big problems is that it was flammable when new... but extra-flammable when old. And this stuff is really really old.
So yeah, projectionists could carefully successfully project it with arc projectors... but once it gets old, it's in danger of bursting into flames just sitting there, if you get enough of it in one place and it's decaying. This is neither very much of it, nor does it smell like it's decaying, but I still wouldn't feel safe shipping it. (Though for the record, it was shipped to me, in a big batch of old film and paper I bought with scant details about what it was, on ebay!)
Duncan