The two do not interfere.
First upgrade your Slackware to 14.2 and be sure to also upgrade the Slackware gcc and glibc packages (replacing the multilib versions of Slackware 14.1).
Then upgrade all the multilib packages using the 14.2 repository and in doing so, replace the Slackware gcc and glibc packages again with their multilib versions.
There will be additional multilib "compat32" packages for Slackware 14.2 that you did not have for Slackware 14.1, so be sure to install those new packages.
If you do this manually, then:
Code:
# upgradepkg --install-new multilib/14.2/*.t?z
# upgradepkg --install-new multilib/14.2/slackware64-compat32/*compat32/*.txz
will upgrade what's already on your system and install what you did not yet have.
If you use slackpkg enhanced with slackpkg+ then it would become something like:
Code:
slackpkg upgrade multilib
slackpkg install multilib
to upgrade what you already have, followed by installation of any new package you did not yet have.