[FEA]: Investigate how readily we can support both FP32 and FP64 from python.

[thomcom]

Is this a new feature, an improvement, or a change to existing functionality?

New Feature

How would you describe the priority of this feature request

Medium

Please provide a clear description of problem you would like to solve.

Based on the performance results in #1090 it might be beneficial to enable FP32 from our python libraries. We should put a little time into investigating where FP types are locked to 64 bit and how easily we can allow both as a user option.

Describe any alternatives you have considered

No response

Additional context

No response