There are no general tips on which version to install. Visual Studio runs in a 32-bit process, but your project can focus on a 64-bit process, since it will be debugged as part of another process.
The main question: how much RAM do you think your database will need? There are no shortcomings in installing 64-bit software on 64-bit machines, but 32-bit software will be executed at the compatibility level (WoW64 - windows on Windows 64).
Using 32 or 64-bit software on old hardware is also irrelevant. While the processor supports it!
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