Went with the Leupold VX1 shotgun with heavy duplex reticle. The slightly thicker reticle will be nice in lower light situations. Additionally when comparing the Elite 3200 to the VX1 side/side, IMHO there is really no comparison - the VX1 wins out on overall looks, design, clarity, and brightness. The only thing the 3200 had over the VX1 was the Rainguard coating and a very, very slight price difference.
I'm not sure what the % light transmission is on the 2 as far as the numbers go, or the quality of the glass in each, or the quality of the coatings used. But if the 3200 has higher/better numbers, I'm wondering if they are based on the same normalized scale. I know there are some die-hard Bushnell 3200 Elite folks out there and some die hard Leupold folks, but the Leupold VX1 won out on this one.