I run 64-bit 2008 Server and see not performance issues whatsoever. In fact, it's much better than 32-bit XP. It performs generally faster. In a funny way, file operations are quicker on my laptop 5400rpm drive running 64-bit 2008 Server than on a office PC with a 7200rpm drive running 32-bit XP.
I can think of only one thing why you would want to run a 32-bit OS (XP being the latest): you get there IE6 to debug your sites.
The other thing is that a 32-bit OS is incapable of addressing RAM capacity over ~3,4 Gb. If your PC has 4+ Gb of RAM you only loose with a 32-bit OS. Recollecting that even consumer laptops are sold these days with 4, 6 and 8 Gb of RAM, one can safely say goodbye to a 32-bit OS.
If you are talking about non-Windows OS then my experience may not apply.