No, do not try to convert it. You can't. When you run the MZP file it starts the installation. During this installation the installer tries to load the QuadRemesher.mcr file. This file is used(usually) to create a category in Customize User Interface, so you can go to that category and assign a hotkey or create a toolbar button for the Quad Remesher tool.
The error message you have posted in your first post shows that the installer of the Quad Remesher tool can't load the QuadRemesher.mcr file. The path to the QuadRemesher.mcr file is shown in your image. Go to that folder(it is a hidden folder) and if the QuadRemesher.mcr file is there just drag and drop it onto any 3ds max viewport. Then restart 3ds max(just in case), go to Customize - Customize User Interface - QuadRemesher categry(or something similar, you can check it by reading the QuadRemesher.mcr file) and you should see the Quad Remesher in the list, so you can create a toolbar button for it.
If the QuadRemesher.mcr file is not there(check the path to it) then either the installer(.MZP file) is corrupt, or the installer can't copy the QuadRemesher.mcr in required folder.
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