Hi @Dhanraj9
Thanks for your post
The MC68332 family is in End-of-life status this also applies for the SPAKMC332AVFC16.
The firmware between SPAKMC332AVFC16 and MC68332 could be use without issues, only be aware that all the configurations depending on the system clock will require firmware recalibration like the ones you mention (TPU timing, SCI/QSPI baud rates, PIT, watchdog, etc.).
There is not a pin-compatible/software compatible option that is listed as active device, the recommendation is to move to a new 32 bit MCU, due to the number of pins of the package you could review the MCX A Series Microcontrollers, if you want a more suitable suggestion for a replacement, please let me know more details about your project.