Justforfun,
this is the way I see it in my humble theory. Lets presume the worst case - 2 oscillators per every sound: piano preset is combination of three sounds, one key pressed produces 6 voices, if you play 6 note chord you produce 36 voices. Now add voices from your sequence: maybe 4 note strings chord (8 voices), 4 note guitar 8 voices, bas 2 voices, drums, another piano etc…
If your Korg used only one oscillator per sound, it probably made it without dropping notes even with 32 polyphony.
Maybe the others can comment this thoughts, I hope I'm not completely wrong
Luka
[This message has been edited by Luka (edited 04-17-2003).]