Converting color profile: preview does not match result
I'm preparing a file to be printed via risograph and ran into an issue converting to a custom multichannel profile from working RGB.
(You can download the custom profile for free here if you want to try it yourself.)
I'm new to the specifics of color profiles and can't figure out why Photoshop's preview of this profile, below, does not match up at all with the result (2nd image).
Can anyone explain why this might be, or if my settings are off? Let me know if I can provide further specs. Thanks in advance!
settings in Convert to profile menu:

result after converting to custom multichannel profile from sRGB:

