The PC3200LL, and the PC3500 modules are both BH-5 chipped, and like tight timings and high voltages. The regular PC3200 has the CH-5 chips and likes looser timings, lower voltages.
I use the 3200LL on my wife computer. It is currently at 200 Mhz FSB at 2.0-2-2-6CL and 1T CMD, 2.65 Volts and no issues yet. It has passed Prime95 for 12 hour in this setup. Granted, that's not technically overclocking it, but it shows the stability even in an older KT333 platform. I have seen people hitting 230 Mhz FSB with this memory without any issues, and with tight timings.