I saw it when I was little with my grandfather; before I even saw the "new" one. Then I saw it again a couple of years ago, obviously after having seen the new one a few times already. Maybe if I had to pick, I'd go with the 1932, only because I generally like pre-1970s movies better than post 70's. I don't really compare them though, because to me, they're so different. Each one has its own separate appeal.
I'm about due to see it again soon, though.