The preview is indeed very slow, unfortunately I don't have the knowledge to fiddle with the preview options in source code.
I made the custom resolutions for crop recording on the 6d, so learned a lot about the crop_rec module, but the rest of magic lantern source is like magic to me

Canon liveview is broken in 4896x2160 crop rec option.
You could however use the 5496/3x1960 at 24 fps option in crop_rec menu.
5496/3x1960 has canon liveview working (although a bit squeezed and zoomed in)
Depending on your 'preview' setting in the submenu of raw recording, you could switch from Canon liveview to slow correct preview with half shutter (works while recording)
The way I would use it:
Use 5496/3x1960 at 24 fps in crop_rec menu.
Go to RAW video submenu (use Q button on RAW video in the MOVIE tab in ML menu.
Set resolution lower to get desired resolution/aspect ratio, you can use scroll wheel on top of your DSLR to set it (for example) from 1824x1960 to 1568x1960 to get 4704x1960 at 24 fps (2.4:1 aspect ratio).
Now go to preview option and set it to 'real-time'.
Now exit menu and you will see some distorted canon liveview which is as fast as Canon liveview, although not correctly framed,
but if you do half press the shutter button, the correct framing preview shows up 
So use half shutter to get framing right, release half shutter to set focus right and keep track of your subject. While recording, you can check framing by using half shutter press.
So that's the most usable way I found, using real-time preview and occasionally using half shutter press to check framing.