Follow up.
I went ahead and set up IE to use the basic actions.
Whenever I try the basic actions I get the error message:
Errorcode: 80070056
\\*server*\lansweeper$\shellexec.vbs "http://10.102.133.48"
*server* is the server LanSweeper is installed on and the .48 address was the asset I was attempting to use the action on.