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

Version 1.0.33.0 is now more than 8 years old. Unless you have a very specific legacy application, , which will automatically install a modern Vulkan runtime.

If the installer is stuck on this step, it is often due to a conflict with the current graphics driver or a corrupted installer file. Wait for completion