Check your GPU settings in AME prefs should be targeting your particular GPU. Choice of GPU can effect render time significantly. A GPU with a high CUDA processor count is best for these renders on a PC. On a MAC it should be metal with an appropriate card. Try and get a view of your system performance and buy a better card. https://www.cgdirector.com/best-...
I actually was able to find the answer to my question in point 2. here
Simple add the sequence to the After Effects Render Queue:
And from there open it in AME, where the preview will work perfectly fine.