If we give the calendars a different right than "AvailabilityOnly" for the group Standard using the Add-MailboxPermission command, the entries are displayed. Just not for the "AvailabilityOnly" right.
Do you mean "Add-MailboxFolderPermission" rather than "Add-MailboxPermission", there doesn't exist "AvailabilityOnly" for the "Add-MailboxPermission" command.
I also want to confirm with you what do you mean about "group Standard".
I suggest you try to remove permission from the Exchange side, then add this room mailbox's full access permission to one user mailbox. After that, using this user mailbox open room mailbox calendar, then shared calendar from the Outlook side. Check whether it could work for other users.
I also suggest you try to run Outlook in Online mode, then check whether you could access Calendars successfully.