If someone really wants a K-32, they can do as I did and build their own. Today you can start by purchasing a K-22 "parts kit" from one of the parts breakers and have the barrel rebored, (and yes, there are a few outfits still doing that work). While waiting for the barrel work to be done, look for a solid but cosmetically challenged Model 14 or Model 15 to serve as your donor. Then, assuming your are not a gunsmith (and if you are, why are you reading this?) pick a smith you know or one highly recommended on this forum or by other "experts". Take the donor and your various parts to the smith and forget about it for whatever target time he gives you... if he's good, it will probably be a while. Wait patiently for reveal day and enjoy it when that time arrives!
If you want stainless, buy an early Model 617 kit with 6 shot cylinder, preferably with the old style extractor if possible. You will need a Model 66 for your donor gun if you want the lugged barrel to match up right... don't ask me how I know this! The rest of my instructions remain the same.
For further info, see my previous posts. If you really want it, you can have your K-32 or -327, in today's market expect to be paying about $2-2500. depending on your shopping skills and luck. There have been several discussions recently about the wisdom and ethics of breaking up an "original" gun and building some sort of "imitation", but there is at least one school of thought that as long as it's not being done to fool anyone for profit, if you can build a gun in a configuration that never existed (but "should have") or is too rare or expensive for mere mortals to own and shoot, it is within the bounds of acceptability.
Thus endeth my epistle. Go forth and have fun!
Froggie