Not many here working on someting that early.
I think you need to change bellhousings to support a later transmissions, to a '48 or later, but I don't actually know that the later bell will fit a '32 motor.
Those early motors don't make a lot of power and aren't as stout, so hoping one up enough to challange a T-5 isn't likely.
If a '48 or later bellhousing fits the motor it will adapt the T-5 to your truck. Then you need to deal with mounting and clutch issues and probably others.
I'm sorry I don't know details. The earliest truck I've pulled apart was a '41 and that was in the early 70's so my memory of it isn't strong. I once owned a '36 car, but never had the motor or transmission out of it.
