Step 1: Given Parabolas and Their Standard Forms
The given parabolas are:
1. \( y^2 = 4x \), which represents a rightward-opening parabola.
2. \( x^2 = -32y \), which represents a downward-opening parabola.
Step 2: Slopes of the Common Tangent
The general equation of a parabola \( y^2 = 4ax \) has a standard tangent equation:
\[
yy_1 = 2a(x + x_1).
\]
For \( y^2 = 4x \), we have \( a = 1 \), so the equation of a tangent at \( (x_1, y_1) \) is:
\[
yy_1 = 2(x + x_1).
\]
Similarly, for \( x^2 = -32y \), the general equation of a tangent at \( (x_2, y_2) \) is:
\[
xx_2 = -16(y + y_2).
\]
Step 3: Find the Equation of the Common Tangent
The common tangent to both parabolas satisfies the slopes from both equations:
\[
\frac{y}{2} = \frac{x}{-16}.
\]
Cross multiplying:
\[
x - 2y + 4 = 0.
\]
Step 4: Conclusion
Thus, the correct answer is:
\[
\mathbf{x - 2y + 4 = 0}.
\]