I have shot a gun with a 3200 mounted on it (not my own) I would have to give the Nikon Buckmaster the edge over the 3200 Elite. The older BM that my buddy has I think is about the same as the 3200 Elite, but I think the newer BM version has a slight edge.
As far as would I take the 3200 over a Buckmaster. No, if prices were the same or close I'd still go Buckmaster. However, if I found a great deal on a 3200 or if I just wanted to put a different scope on a gun ( just to have a different scope) I'd consider a 3200 I think they are close, edge going to the Nikon but not a HUGE difference plus the fire fly is kind of cool.