Version 1.0.33.0 is not the latest release. Vulkan has evolved significantly, with versions like 1.2, 1.3, and newer patch updates introducing features such as dynamic rendering, improved ray tracing support, and better debugging tools. Version 1.0.33.0 dates back to an earlier period (circa 2016-2017) when Vulkan was still maturing.
While version 1.0.33.0 is older (circa 2016-2017), modern applications and games are generally backward compatible with newer runtime versions. Unless a specific legacy application requires that exact version, installing the latest Vulkan Runtime is the safer and more stable option. Vulkan Run Time Libraries 1.0.54.1 Vulkan Runtime Libraries software - Microsoft Q&A vulkan run time libraries 1.0.33.0 download