Thanks for sharing.
Nothing taxing for this Windows 11 Pro i7 PC with 32GB RAM.
During caching CPU and GPU averaged 30 and 55% respectively.
During PV playback CPU and GPU readings were 2-4% or lower.
On export, which took five seconds, CPU never peaked above 7% and GPU averaged 25%. The water cooler ramped up only slightly.
Check taskmanager to see your performance. <ctrl-shift-esc>

In Videopad OPTIONS | ADVANCED, confirm that the GPU setting is listed as default. 
A good video card can make a significant difference. Here it's an eight-year old low-end gaming class NVidia GTX1060 which runs about $75, used.