> 1. Can I install FreeNAS-i386-LiveCD-0.7.1.5127 and follow the normal
> instruction instead?

Yes, that should be fine.

> 2. Will this have any impact on NAS' transfer rate or performance?

Don't know. Unless you have huge amounts of memory (>4GB) I doubt you'd see any 
improvement of the 64 bits over 32.

-- 

Michael
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