Yeah, definitely. Runs ok-ish on an 8mhz 68000 Atari ST, so an optimally tuned version for CD32 should run quite well.
Just looking at specs needed for original dos versions of these games gives a pretty good indication.
CD32 is, in raw grunt terms, well short of a 33mhz 386, and Doom, even with 4meg RAM runs terrible on that sort of system. And that's a machine that is optimal for that style game.
Wolf3d on the other hand runs OK on a 16mhz 286, which a 14mhz '020 can comfortably match.