32 is a wonderful score. But, if you are considering any school that offers merit money, higher is always better than lower. With score choice, it definitely behooves you to take it again, and possibly again. For example, the 32 puts you in the running for a $24k annual scholarship at Miami. A 34 would put you in the running for a full tuition scholarship. Even tho you might not consider Miami, you can easily see what a higher test score can do ($$) for merit scholarships.
Academic Scholarships for 2007-2008 | University of Miami