Highlights the tension when Flint and Silver realize they are no longer on the same page regarding Nassau's future.
: The episode begins to tear their "thick as thieves" partnership apart. Billy Bones successfully exploits Silver's vulnerabilities—specifically his feelings for Madi—while Flint makes an executive decision to strike a deal with Eleanor Guthrie, largely against Silver's wishes.
: Eleanor Guthrie is noted for regaining her "authority, experience, and know-how," behaving as a commander born for the role. [S4E4] XXXII.
Overall, "XXXII" is viewed as a high-quality bridge episode that sets up the "fast-approaching endgame" by complicating the board in Nassau and forcing characters into impossible choices. Black Sails Season 4 Episode 4 Review – XXXII
: While quieter than the season premiere, the "running fight to the fort" is cited as a high-quality action sequence. Highlights the tension when Flint and Silver realize
Notes that "everyone in this show has lost" and questions if anyone can truly win at this point.
: Eleanor Guthrie proposes a massive exchange: she will surrender the British fort and troops in Nassau in exchange for the buried Urca de Lima treasure and safe passage for herself and her people. : Eleanor Guthrie is noted for regaining her
: A standout scene involves Silver questioning Flint about whether he would trade the war for the life of Thomas Hamilton, forcing both to confront their deepest losses.