No, 64 bit. I would mostly use it to browse internet and stream video
Discussion
Lubuntu and Xubuntu are pretty stripped down. You'd be surprised how well an older-ish laptop can run even the more beefy distros, like plain ol Ubuntu.
Are you experienced in using Linux? Arch-based distros might be nice. Like ooooh Manjaro.
Then try
It's pretty awesome, I agree.