Well, my thoughts go a different way. I do S&S as my main program, and it's amazing! I can do the routine with a 40kg bell, but it's a bit of a struggle, and I believe Pavel himself even said that those that want to get to the 40 and 48 in S&S have to put some real extra into their training. The 32kg is perfect for me - certainly heavy enough to get a great strength-endurance-power workout but not so heavy as to make it all too slow or annoying.
In my opinion I can maintain excellent strength and fitness relative to my bodyweight of 100kg sticking to S&S with the 32kg bell. Think about it: swinging one third of your body weight 100 times violently, using just one arm! That's some serious stuff right there! Also, going through the twisty adventure that is the TGU with again, 1/3 of your bodyweight held in just 1 arm, that is definitely nothing to shake a stick at!
The longer I work with kettlebells the more I feel that the point isn't to chase weight going heavier and heavier, but to chase power and endurance with the same weight until if/when you've really mastered the weight. I've come to realize that there is a reason the 32kg bell is set as the "Simple" standard: it's because there is no need to go beyond it - you can perhaps if you want to, but no need. If you're into heavy weight, this is what the barbell is for.