I wouldn't worry too much about matching the old 36 watts. LED watts aren't really comparable to T5 watts, so the 1 watt per gallon rule doesn't mean much here.
For a 29 gallon freshwater tank, I'd look for a decent full-spectrum LED with adjustable brightness. If you have plants, the light you need depends a lot on what you're growing. Anubias, Java fern, and other low-light plants don't need nearly as much as demanding carpeting plants.
Since your old T5 has worked well for 20 years, you probably don't need anything fancy. A basic 24" adjustable LED should do the job, and you can start at lower brightness and increase it if needed.
One thing I'd pay attention to is the timer and whether the fixture fits securely on the tank. Around 7–8 hours of light is a reasonable starting point, especially if you're trying to avoid algae.