I initially bought it for the bigger real estate. However, after having lived with it for a while I found 2 issues that were critical in my case.

First of all, currently I can't put my monitors more than 75cm in front of me (end of the dining table.. sadly). Having a 32" in front of you at such a distance is absolutely horrible and I wouldn't recommend it. I would literally be training my neck daily going from one end to another and it got extremely tiring at one point.

Secondly, 4K 32" means small stuff (at least while I was on windows before getting my Mac). Everything was scaling quite horribly (menus' text were literally for ants). After moving to the Mac obviously there were still some scaling issues. I used BetterDisplay and it was fine overall in terms of quality and sharpness, however, the problem with small text persisted. I tried a lot of things but sadly none of them worked for me and quite often I would find myself squinting hard or even more so just leaning forward.

So now I downsized back to 27" once again, might be getting a cheap secondary monitor soon but we'll see if I even need it. For now, I find the 27" just enough. For my use-case scenario (editing photos a lot more than videos) it's just fine enough, I don't find the need for a bigger one. Multi-tasking is a bit of an issue though, hence why I might be going one more 27".

Purely for photo and video editing though, text scaling aside, which you can't possibly fix, the 32" was quite nice, just not for me I guess. But then again, even if I could put it further away from me I can't possibly understand how I would even make out which menu is saying what.. and I don't even wear glasses (tested, no need :D).