I was playing around with this the other day and found that if you use a chained effect of the Gater and the Beatmasher it comes really close. I like it better cause it adds a bit of an upbeat to it. It's not exactly the same, but once you hit 100% on the gater and the Beatmasher you do get that awesome 32nd beat style sound.

I want to play a bit more, maybe with two beatmashers together or something and see what I can get