Both of these monitors are 1920 x 1080, 60 Hz monitors. The primary difference is their physical size. The benefit of the larger monitor is that (assuming you would have each at the same distance from your eyes) you will be able to lower the display scale on the larger screen and potentially fit more in view.
Note: there will be substantial loss in visual fidelity. The smaller monitor will give you about 50% greater pixel density than the 32" screen. The flipside is that obviously the larger monitor will be more comfortable to look at from a further distance, and for tasks that require less fine detail (such as watching non-bluray quality movies) the larger monitor will just be more pleasing to look at.
Pixel density calculator
You must determine whether the increased size is a better value for you than the bump in pixel density.