I'm not too sure what kind of effect your after but I was able to use spherical mapping with your image to achieve the result below.
The displacement here by the way is set 1,000,000. By the way normally spherical maps are set at a 1:2 proportion (ie: 1600px by 800px) rather than a 1:1 as yours is although this may be due to zbrush, I wouldn't know.
Richard