There are a lot of Model A's being driven with that engine so I think it should be capable. The '32 is basically a Model A rear end (unless you have the late one which is slightly stronger). Remember to run brake drum retaining clips or safety hubs (I would also give the same advice to someone running a stock Model A or B).
First question, why not just run a Model A rear end? Second if you mean a late '32 rear end I think you will have trouble finding one. They are talked about a lot but what is left out is that they are EXTREMELY rare. Most of the V8's in 1932 used the Model B rear end. Only a small number of cars late in the production used what is generally referred to as the V8 rear. I have been into '32's for years and only seen a couple of these rear ends.
Charlie Stephens