What the 5 ns propagation delay and 32 mA drive mean for your board
The 5 ns max propagation delay at 5 V with a 50 pF load is fast enough for most clocked logic up to about 50 MHz, but not so aggressive that you need impedance-controlled traces or termination resistors on a short run. That saves a BOM line and a resistor.
Package and footprint: SOT-23-5
Housed in a 5-pin SOT-23-5 (SC-74A, SOT-753), the SN74LVC1G132DBVR takes minimal board area — about 3 mm by 1.5 mm. The surface-mount footprint is standard for the 74LVC single-gate line, so a layout already using the 74LVC1G00 or 74LVC1G08 can drop this part in with no change.
ROHS3 compliant per.