Yes, a watt is a watt, but not everyone knows the dealings of many aspects of fishkeeping. PC are more effecient than standard T5 like fluroscent tubes (like those found in the All Glass standard fixtures). 96W is 16W greater than 80W, and thus use more energy. I would keep the PC imo, but that is me.
How much money will you save by switching? Well in general, we will assume $0.10 per Kilowatt hour, on for 12 hours a day. So, 12Hours*96Watts/1000=1.152KilowattHours a day. 1.152*365Days=420.48Kwh. 420.48*$0.10=$42.048. For the 80W lights, the cost is $35.04, thus only saving $7.008.
Other factors that might be off the table to include are lumens (generally how much light is put off) and color (how yellow or white the light is).
Also, with the two lights, are you running two seperate ballasts (ie two fixtures)? It would be more simple to keep the one 96W fixture.
Yes, if your fixture is rated at 96W, you can put a 36W in there (however, it will most likely be shorter)
HTH
Aries