I am 5'6 and looking into getting 32+1 Bauer one60 pads.?

I'm 5'5 and also use the same size. I'm not sure about the two brands though, because some companies run smaller or bigger.They won't be big, you'll be fine unless a pad was going in front of another in butterfly in your older pair already. Otherwise, it'll be okay because one inch isn't a big difference. 32+1 basically means that they will fit ankle to knee of a 32 inches pad while being longer (in that case by 1 inch, so measuring in total 33 inches). In the atk fitting is good, the only concern you should have would be with the length, which is not a big deal like a said as it is only an inch.