|Nothing in the published description of the Paragon software says it will convert from NTFS to FAT32.|
Create, format, delete, undelete, hide or unhide partition; set partition active/inactive; set, change or remove drive letter; change hard disk partition label (Volume Label); convert file systems; check file system integrity; run complete surface test.
It claims to have the capacity to convert file systems but does not specify what kind of conversions it can do. I suspect it has the capacity to do the FAT>NTFS conversion similar to many other tools but I stand by my previous assertion that you cannot convert the other way. Only delete & create a new partition then format to FAT.
Goin' Fishin' (Some day)