I have a 10-core Vega 64 iMac Pro, edit Sony A73 material and use mainly FCPX but also Premiere and Resolve. The problem is Premiere Pro does not use hardware acceleration on Mac for decode (ie playback) only for encode to an output file. It should play back OK at 1x speed but Premiere is very sluggish when using JKL keys for higher speed forward or reverse playback.
You can download the free version of Resolve or the eval version of FCPX to verify this on your own hardware.
Newer versions of Premiere have been improved somewhat but even the latest version is dramatically slower than FCPX or Resolve.
If you stay with Premiere I suggest you upgrade to the latest version of macOS and Premiere. That combination will make it a bit faster. You can also create proxy files which Premiere now supports. Proxies will make it much faster, at the space and time cost of creating those.