it depends on other optimizations with respect to 32bit'ness and 64bit'ness.
the differences are very dramatic. at any given clock speed, the dual 32bit will outperform the 64bit processor with respect to 32bit optimized software, even more so if the software has been optimized for SMP.
the SMP can't touch the 64bit processor with respect to 64bit software.
note, the programs we run are hybrids... some are 16\32, some are 32, some are 32\64 bit software.
yes, we do have 64bit software that is being run on these dinky 32bit parts.