Are you sure the project still has the checkbox and ico assigned to it?
In Imagedit, you can select the 32x32 image, copy it to the clipboard, then paste it into a 16x16 size and it'll ask to clip or shrink/stretch. Selecting shrink/stretch all you have to do is clean up the image.
>Some time ago, I asked about xxx.ico files used to mark EXE's built by VFP. Since using 5.0a, I only see the 'Fox', not my ico file. I was directed to search for a paper which basically said that I needed to encapsulate multiple sizes and to use IMAGEDIT.EXE. That program did not allow me to use the very nice 32x32 icon as a base to create the 16x16 icon needed. At the recent DevCon in Orlando I purchased a program: