[snassar]

In practice you can use all three versions of GnuPG on three different devices without a particular difference. One problem you might see is if you are using the newer experimental curve-based algorithms on a computer running GnuPG 1.4 and you get blocked, but you really ought not to do that anyway.

As for the downgrading issue:

It used to be you could just copy your .gnupg directory from computer to computer to computer and that's what constituted migrating your PGP keys.

This was also true for moving frmo GnuPG 1.4 to GnuPG 2.x. If you are starting with a new GnuPG keystore from 2.1 you can't just copy .gnupg and use it in a GnuPG 1.4 system, you have to export your public keys, your private keys, and your trustdb (although I am iffy on what this does) and import them on the systems where you are running GnuPG 1.4 or 2.0

I am unaware of any 3rd party software directly accessing the GnuPG keystore, but that doesn't say much.