It's like Juels said.

I'll expand a little bit, the question was:

Quote - I was hoping to only have to "create" the second magnet and then imediately apply  MM32 as the very next step, with MM32 doing all of the "set up "  work  for the second magnet's field and base, magnet size  and starting position., etc..

Yes, that's exactly how it works. After you have created the second magnet, just apply the MM32 pose and everything else is taken care of automatically. This even works if the second magnet has been moved from its initial position, or scaled, as long as it was created on the correct body part, MM32 will take care of everything.

The way I work, I often create several pairs of magnets, then apply MM32, then start adjusting the magnets. But that's just my style of working. You can create one pair apply MM32, adjust the magnet how you want it, then create another pair and apply MM32 again, and so on.