I didn't take physics so cannot answer that - I've never heard of 32fps/ps, but only 16fps/ps, but I do know a projectile will drop 16feet in it's first second of flight. I had thought it was 16' in the second, third, etc, seconds of flight, though, but that isn't an accelleration, only a constant drop. I think that's the same mistake Forsyth made- or maybe I disdn't usnderstand what he was writing about in 1860, either.
For any given speed, the higher or greater it's ballistic coefficient, it's coeficient of friction, resistance to drag or better ballistic form or shape(whatever you want to call it), the farther it will travel in the first second of flight, second second, etc.
In hunting senarios, we are only concerned with part of it's first second of flight - where the drop is only figured in inches or up to a couple feet for so with ranges to perhasp 200yards. The ballistic shape, coefficient of friction in around ball is higher, the greater the diameter of the ball. Therefore at an initial velocity of 1,700fps, a 50 calibre ball has more drop over 150yards than a .62 calibre ball.