In the following example running a 32-bit ELF on a 64-bit architecture is faster and I don't understand why. I have tried with two examples one using a division the other one with a multiplication. The performance is as expected, however, the performance for the division is surprizing.
We see on the assembly that the compiler is calling _alldiv which emulates a 64-bit division on a 32-bit architecture, so it must be slower than simply using the assembly instruction idiv. So I don't understand the results I got: 
My setup is: Windows 10 x64, Visual Studio 2019
To time the code I use Measure-Command { .\out.exe }:
- Multiplication
- 32-bit ELF: 3360 ms
 - 64-bit ELF: 1469 ms
 
 - Division
- 32-bit ELF: 7383 ms
 - 64-bit ELF: 8567 ms
 
 
Code
#include <stdio.h>
#include <stdlib.h>
#include <stdint.h>
#include <limits.h>
#include <Windows.h>
volatile int64_t m = 32;
volatile int64_t n = 12;
volatile int64_t result;
int main(void)
{
    for (size_t i = 0; i < (1 << 30); i++)
    {
#       ifdef DIVISION
        result = m / n;
#       else 
        result = m * n;
#       endif
        m += 1;
        n += 3;
    }
}
64-bit disassembly (division)
    for (size_t i = 0; i < (1 << 30); i++)
00007FF60DA81000  mov         r8d,40000000h  
00007FF60DA81006  nop         word ptr [rax+rax]  
    {
        result = m / n;
00007FF60DA81010  mov         rcx,qword ptr [n (07FF60DA83038h)]  
00007FF60DA81017  mov         rax,qword ptr [m (07FF60DA83040h)]  
00007FF60DA8101E  cqo  
00007FF60DA81020  idiv        rax,rcx  
00007FF60DA81023  mov         qword ptr [result (07FF60DA83648h)],rax  
        m += 1;
00007FF60DA8102A  mov         rax,qword ptr [m (07FF60DA83040h)]  
00007FF60DA81031  inc         rax  
00007FF60DA81034  mov         qword ptr [m (07FF60DA83040h)],rax  
        n += 3;
00007FF60DA8103B  mov         rax,qword ptr [n (07FF60DA83038h)]  
00007FF60DA81042  add         rax,3  
00007FF60DA81046  mov         qword ptr [n (07FF60DA83038h)],rax  
00007FF60DA8104D  sub         r8,1  
00007FF60DA81051  jne         main+10h (07FF60DA81010h)  
    }
}
32-bit disassembly (division)
    for (size_t i = 0; i < (1 << 30); i++)
00A41002  mov         edi,40000000h  
00A41007  nop         word ptr [eax+eax]  
    {
        result = m / n;
00A41010  mov         edx,dword ptr [n (0A43018h)]  
00A41016  mov         eax,dword ptr ds:[00A4301Ch]  
00A4101B  mov         esi,dword ptr [m (0A43020h)]  
00A41021  mov         ecx,dword ptr ds:[0A43024h]  
00A41027  push        eax  
00A41028  push        edx  
00A41029  push        ecx  
00A4102A  push        esi  
00A4102B  call        _alldiv (0A41CD0h)  
00A41030  mov         dword ptr [result (0A433A0h)],eax  
00A41035  mov         dword ptr ds:[0A433A4h],edx  
        m += 1;
00A4103B  mov         eax,dword ptr [m (0A43020h)]  
00A41040  mov         ecx,dword ptr ds:[0A43024h]  
00A41046  add         eax,1  
00A41049  mov         dword ptr [m (0A43020h)],eax  
00A4104E  adc         ecx,0  
00A41051  mov         dword ptr ds:[0A43024h],ecx  
        n += 3;
00A41057  mov         eax,dword ptr [n (0A43018h)]  
00A4105C  mov         ecx,dword ptr ds:[0A4301Ch]  
00A41062  add         eax,3  
00A41065  mov         dword ptr [n (0A43018h)],eax  
00A4106A  adc         ecx,0  
00A4106D  mov         dword ptr ds:[0A4301Ch],ecx  
00A41073  sub         edi,1  
00A41076  jne         main+10h (0A41010h)  
    }
}
Edit
To investigate further as Chris Dodd, I have slightly modified my code as follow:
volatile int64_t m = 32000000000;
volatile int64_t n = 12000000000;
volatile int64_t result;
This time I have these results:
- Division
- 32-bit ELF: 22407 ms
 - 64-bit ELF: 17812 ms