Sorry about that confusion.Thanks uploading the video. It's clear now why the short Pre render / Export time and high FPS.
You need to open Motion project file that includes layers, effects and so on and not the video file that is in the media folder (I attached a screen shot ) then follow the test process, this will lead to correct results
FPS ranged consistently between 10 to 13 for last ten seconds; it fluctuates while playing
Export 1 min 33 seconds
RAM preview 1 min 22 seconds