I mean, this shouldn't need to be pointed out, but you're editing 4k video on a 1k screen using a dual core 1.6 GHz computer and integrated graphics.
Ordinarily when we diagnose a performance issue we look for a bottleneck but this whole platform is bottlenecks.
With video, many fast processors, preferably specialized GPU processors, with a fast disk running fewer operations is the key to realtime performance. In your setup, you're likely saturating the disk, processor and GPU just to read, decode and resample the video.